The Economy

Hawaii's credit card debt down 11 percent in December

Hawaii's credit card debt fell nearly 11 percent to $7,527 per person in December compared with $8,456 in December 2010, according to CreditKarma.com, a California-based credit scoring website. Nationally, credit card debt also dropped 11 percent to $6,576.

The average Hawaii consumer with an account had a credit score of 673 compared with 660 nationally.

Mortgage debt rose slightly by 1.4 percent to $307,508 from $303,197 in December 2010, while auto loan debt climbed 2.9 percent to $15,552 from $15,116. Student loan debt fell 9.9 percent to $24,418 from $27,103. The research was based on a sample size of 2,666 CreditKarma users in Hawaii.