monopoly_money.jpgAccording to San Francisco based credit management company “Credit Karma’s” most recent U.S. Credit Score Climate Report, your credit card and mortgage (lucky you!) debt might be lower than this time last year, but your student and car loan debt might be higher.

While I didn’t see a copy of the report myself, (and an email to Credit Karma’s PR rep didn’t get me a response by publication time), the SF Biz Times says that, according to the report, there’s good and bad news for San Franciscans.

The report says that SF’s average credit card debt has dropped nearly 8% since Jan 2010, to $7,033. Our credit scores also dropped 3 points, to 701. While a drop in our debit is good, a drop in scores isn’t — the higher that number, the better.

For those of you with mortgages, you now owe less, quoth the report: the average home-owning San Franciscan now has just $394,830 hanging over her head, down from $412,049 in January 2010.

We may owe less on our homes, but more on our educations, however. The average San Franciscan has more student loan debt this year, the report says, $31,595, up from $30,341. (This might be my fault, as I’m deferring like mad over here. Sorry!)

Auto loan debt also rose, the Biz Times reports, as the average car-owning San Franciscan still owes $15,370 on their car, up from $14,531 in January 2010.

How accurate do you think this report is? Does it reflect your debt profile (is that a thing? I just made that up.) I own neither home nor car, but the credit card and loan numbers are pretty on target for me. (I can’t even think about what my credit score might be.) How about you?

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the author

Eve Batey is the editor and publisher of the San Francisco Appeal. She used to be the San Francisco Chronicle's Deputy Managing Editor for Online, and started at the Chronicle as their blogging and interactive editor. Before that, she was a co-founding writer and the lead editor of SFist. She's been in the city since 1997, presently living in the Outer Sunset with her husband, cat, and dog. You can reach Eve at

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