Credit card debt drops 11%

http://money.cnn.com/2012/01/17/pf/credit_card_debt/index.htm?source=cnn_bin

NEW YORK (CNNMoney) -- Consumers whacked down credit card debt by 11% last year, and average debt loads dropped in every state.

The average credit card balance for 2011 was $6,576, down from $7,404 the previous year, according to a report from credit tracking and financial education website CreditKarma.com, based on data from more than 300,000 of its users.