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New Ranking Lists States According to Loan Delinquencies

MIAMI–A new analysis ranks U.S. states according to levels of loan delinquencies.

To highlight the places where people are having the most trouble paying their debts, WalletHub said it analyzed proprietary user data from Q1 2024 for the 50 states.

In creating the ranking, WalletHub said it considered both the percentage of individual tradelines that were delinquent, as well as the percentages of residents’ total loan balances that were delinquent.

Mississippi at Top of List

“Mississippi has the biggest debt delinquency problem. Around 12.7% of individual loans and lines of credit in the state were delinquent in Q1 2024, the highest percentage in the country,” WalletHub reported. “Mississippi doesn’t just lead the country in the percentage of delinquent accounts, though – it’s important to also look at the overall amount of debt that’s delinquent to get the full picture. When all the dollar amounts are added together, Mississippi residents are actually delinquent on 10.9% of their overall debt. That is also the highest percentage in the country.”

The top 12 states are listed below. The full report can be found here.

Wallethub delinquent states

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