By Kathryn Vasel
Three Texas cities San Antonio, Dallas and Houston are among the top five in the country where residents carry some of the highest credit card debt and take the longest time to pay it back, according to a report from CreditCards.com.
The situation is the worst in San Antonio, where it would take residents 16 months to eliminate the city’s average credit card balance of $4,880. The report was based on an analysis of credit card debt and median incomes in the 25 biggest cities in the U.S.
Folks in San Antonio don’t carry the most debt. That honor went to Washington D.C., where the average credit card balance was $5,046.
However, San Antonio residents took the longest to pay off their debt, because the Texas city had the second lowest median income of $27,491.
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