By
Christine DiGangi
You’re probably going to die with some debt to your name. Most people
do. In fact, 73% of consumers had outstanding debt when they were
reported as dead, according to December 2016 data provided to Credit.com
by credit bureau Experian. Those consumers carried an average total
balance of $61,554, including mortgage debt. Without home loans, the
average balance was $12,875.
The data is based on Experian’s FileOne database, which includes
220 million consumers. (There are about 242 million adults in the U.S.,
according to 2015 estimates from the Census Bureau.) Among the 73% of
consumers who had debt when they died, about 68% had credit card
balances. The next most common kind of debt was mortgage debt (37%),
followed by auto loans (25%), personal loans (12%) and student loans
(6%).
These were the average unpaid balances: credit cards, $4,531;
auto loans, $17,111; personal loans, $14,793; and student loans,
$25,391.
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