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Despite the budgeting, splurging, the holiday sales, and the inevitable panics over our credit card statements, our latest Credit Karma data shows consumers overall chipped away at their debts in 2010. Pause for celebration—Whooo!

From January 2010 to December 2010, the average consumer credit card debt fell from $7,925 to $7,404, a 7% drop nationally.

Here are more numbers to showcase the average American’s debt situation in 2010:

• Decreased home mortgage loans 4% to $173,340
• Decreased home equity 4% to $49,803
• Increased auto loans 4% to $15,274
• Increased student loans 10% to $29,016

But what we really want to know, Credit Karma users, is beyond these national averages of debts up and down, how are you personally doing in your financial situation?

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Tired of debts that are hard to get rid of? You try to get rid of your debts but it seems that the only thing that you can pay off is the interest per month. You keep on avoiding calls because you think it might be something to do with your credit card debt. You can’t even open the door if someone is knocking because you think it might be the debt collectors. Don’t wait for the next month to come; your debts will only get bigger and harder to get rid of. Don’t wait until you’ll debts will pile up, apply for a debt settlement and say goodbye to those debt collectors and to those who are always calling on your phone about your credit card debt. You

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