A study indicates that in US the average credit card debt per credit card borrower has declined 1.25 percent, reaching USD 1,673 in Q1 2008 from USD 1,694 registered in the previous quarter, while the total is 5.6 percent higher than the USD 1,584 reported in Q1 2007.

In terms of state average card debt per credit card borrower, Alaska has reported the highest figure, with an average card debt at USD 2,378. Tennessee came second and Alabama was positioned third, with USD 2,013 and USD 2,005, respectively. The lowest average credit card debt per credit card borrower has been reached by Iowa (USD 1,252), North Dakota (USD 1,265) and South Dakota (USD 1,365). The sharpest increases in average credit card debt in comparison with Q4 2007 have been reported in Alaska with 1.54 percent, followed by Hawaii, who reported 1.45 percent and Alabama (0.44 percent). The District of Columbia has undergone the biggest decline in average credit card debt, at 4.38 percent, followed by North Dakota with 4 percent and West Virginia with 3.67 percent.

At a national level, the ratio of credit card borrowers delinquent on credit cards has dropped to 1.19 percent in Q1 2008, declining by 12.5 percent over Q4 2007. However, the total still remains higher than the same period last year (0.91 percent). Nevada has experienced the highest delinquency rate (1.74 percent), while Mississippi and Florida have reported a 1.53 percent and 1.51 percent delinquency rate. The lowest credit card loan delinquency rates have been reported in North Dakota (0.67 percent), Utah (0.75 percent) and South Dakota (0.79 percent).

The study forecasts that the delinquency rate is to gradually reach 1.20 percent and more until the end of 2008. Nevada is expected to report the highest average delinquency rate of 1.7 percent, while North Dakota the lowest (0.6 percent).

Data was provided by TransUnion.com.