Sacramento-area residents started out the year whittling down debt.
A report released today by Equifax, the Atlanta-based credit-rating firm, said overall consumer debt throughout the Sacramento area in this year's first quarter totaled about $98.1 billion, down from about $102.5 billion in the initial quarter of 2012.
That represented a decline of 4.27 percent, the fourth-largest, year-over-year decline among the nation's 25 largest metro areas.
Equifax said nationwide consumer debt in this year's opening quarter totaled $10.92 trillion, compared with $11.02 trillion in last year's first quarter. Equifax said part of the decline reflects mortgage debt write-offs and consumer efforts to pay down mortgage obligations.
The New York metropolitan market led the nation with $938.4 billion in debt in this year's first quarter. Los Angeles was second at $861.7 billion, and Chicago was a distant third with $372.7 billion.
Call The Bee's Mark Glover, (916) 321-1184.