WalletHub's new analysis found average credit limits fell in 36 of 50 U.S. states year-over-year, with the largest decrease nearing 13%. Cited causes include rising credit card debt, delinquencies, and declining credit scores or income, while inflation can push people to charge more, raising credit utilization and delinquency risk. Utah topped the list for the biggest credit limit decrease, even though its percentage drop was not the highest, because its residents already had among the highest limits. Minnesota ranked No. 2, with its average limit falling 8% from June 2025 to June 2026, while the average in Montana dropped 13%. The article also warns that a spike in credit utilization can lower credit scores and that delinquent payments are reported to credit bureaus.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Here where credit limits decreased the most in the US ( and why that bad )
Read the original on fox32chicago.com ↗
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SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
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