Iowa ranked 50th among states in amount of credit card debt, according to analysis by a credit and information management company in Chicago.

The company, called TransUnion, found that Iowans carried just $4,300 worth of credit card debt in the third quarter of 2008, compared to $5,300 for the average American.

Ezra Becker, a consultant with TransUnion, told Radio Iowa’s O. Kay Henderson that Iowa is doing much better than most states.

“Debt from third quarter of 2007 to the third quarter of 2008 for the country rose at about 6 percent, whereas for Iowans it only rose 2.5 percent.”

Becker guessed one of the reasons for the lower debt in Iowa is much more stable housing prices.