Last week, we talked about individual credit reports. We told you that Equifax is one of the three major credit reporting companies when it comes to individual credit scores. But Equifax does not only provide credit reports about individual consumers. This week, the company released a report about the nation's credit card debt as a whole.
Over the past few months, we have heard a lot about Americans tightening their financial belts and using extra income to pay down debts. And for some, the post-holiday period is about paying off those Christmas bills. However, new numbers released by Equifax show that many consumers, especially those in Florida, are still carrying high credit card balances.