Credit card debt down 18 percent

In the past 13 months, credit card debt among consumers has fallen considerably, according to a new report from a credit management service.

In its Credit Score Climate Report, CreditKarma.com says consumers' average debt load dropped 18 percent year-over-year to $6,285.

Ken Lin, CEO of CreditKarma.com, said high unemployment is forcing many consumers to cut back on their spending habits.

"The relative uncertainty of the current job market has forced consumers to live within their means and focus on being financially responsible," said Lin. "This trend is reflected in the report by consumers' continuing efforts to pay down their credit card debt."

The study also detailed how much consumers had paid down their debt on a state-by-state basis. Wisconsin's debt obligations fell the most precipitously at 37 percent, followed by Hawaii and Missouri at 22 percent and 21 percent, respectively.

The states with the highest credit scores were California at 683 and New Jersey at 682. Massachusetts and Hawaii tied for third with 681, according to the report.

If consumers are unaware of what their credit scores are, they may want to find out, as they can be adversely affected if a creditor applies marks that are inaccurate or improper.