You know, I’ve been watching financial audit and Texas is making sense.
talaron on
If I pay my statement in full every month, does that amount still count as debt in these stats (considering it is also reported to the credit bureaus)? If so, I find this metric fairly questionable since this “debt” is essentially just an interest-free revolving account, and one could expect a person with high income and therefore high amounts of monthly charges to pull up the average numbers for their state.
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You know, I’ve been watching financial audit and Texas is making sense.
If I pay my statement in full every month, does that amount still count as debt in these stats (considering it is also reported to the credit bureaus)? If so, I find this metric fairly questionable since this “debt” is essentially just an interest-free revolving account, and one could expect a person with high income and therefore high amounts of monthly charges to pull up the average numbers for their state.