Consumers in more than 30 states saw their credit card debt rise in the month of October, a new survey indicates.
According to CreditKarma.com, 32 states increased their average credit card debt levels, with the largest jumps in terms of percentage seen in Alaska, Hawaii, Minnesota, Rhode Island and Massachusetts.
"Consumers need to be aware of the correlation between debt and their credit score," said Ken Lin, CEO of CreditKarma.com. "Credit card utilization is a major factor in determining a person's credit score, so carrying a large balance can cause it to decrease."
Something else that can lower consumers credit scores are inaccurate or unfair marks left by creditors. Consumers should review their credit histories now and again so that these errors can be addressed.