Earlier this week we shared an eye-opening post about those cities with the least sustainable credit card debt. Today’s infographic from those wizards at the Visual Capitalist shows those states where Americans are falling behind on their credit card payments. wow… As always, stay safe and have a Happy Friday!!!
A payment is considered delinquent once it’s 30 days or more past due. Lenders report these late payments to credit bureaus, which can lower credit scores and signal financial stress in the economy.
Credit card delinquency rates are highest in the Deep South, led by Mississippi (37%), Louisiana (32%), and Alabama (31%).
Hat tip to the Visual Capitalist.
