States With The Most Loan Delinquencies by Paul Sisolak, Credio

The United States national debt just reached $19 trillion. That’s quite the hole, and American households aren’t doing much better. According to the New York Federal Reserve, U.S. household debt reached $11.85 trillion in the first quarter of 2015. On top of being in debt, many Americans are more than three months delinquent in repaying their loans and lines of credit — the degree to which varies from state to state.

Using data from the Federal Reserve Bank of N.Y., Credio took a close look at the 20 U.S. states with the highest cumulative consumer loan delinquency rates. We assessed delinquencies across four categories: student loans, credit cards, auto loans and mortgage delinquencies, and ranked the list from lowest to highest cumulative loan delinquency rates.

For context, the 2014 average across the U.S. for loan delinquencies was 11.4 percent for student loans, 7.35 percent for credit cards, 3.48 percent for auto loans and 3.03 percent for mortgages.

Note: The methodology Credio used in the study doesn’t examine states with the highest amount of overall debt, but rather those with the most loans that were delinquent for more than 90 days, as of December 2014.

States With The Most Loan Delinquencies

#20. Rhode Island

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 2.14% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 8.08% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 3.57% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 11.5% (U.S. Average: 11.4%)

#19. Indiana

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 3.85% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 6.32% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.21% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 12.93% (U.S. Average: 11.4%)

#18. Delaware

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 3.6% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 8.52% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 3.82% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 9.42% (U.S. Average: 11.4%)

#17. New Jersey

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 2.18% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.23% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 7.21% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 9.09% (U.S. Average: 11.4%)

#16. Arkansas

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 3.03% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.01% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.01% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 13.93% (U.S. Average: 11.4%)

#15. Tennessee

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 3.74% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.04% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 1.9% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 13.44% (U.S. Average: 11.4%)

#14. New York

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 2.41% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 8.03% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 6.61% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 9.45% (U.S. Average: 11.4%)

#13. North Carolina

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 5.18% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.17% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.34% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 12.06% (U.S. Average: 11.4%)

#12. Texas

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.29% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.8% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 1.84% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 13.3% (U.S. Average: 11.4%)

#11. Georgia

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 5.36% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.54% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.49% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 12.37% (U.S. Average: 11.4%)

#10. Oklahoma

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.16% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 6.67% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.49% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 14.89% (U.S. Average: 11.4%)

#9. Arizona

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.46% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 8.94% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 1.99% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 12.89% (U.S. Average: 11.4%)

#8. West Virginia

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 3.23% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 6.17% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.25% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 16.86% (U.S. Average: 11.4%)

#7. Louisiana

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.29% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.06% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.39% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 14.88% (U.S. Average: 11.4%)

#6. Alabama

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.97% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.69% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.25% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 13.78% (U.S. Average: 11.4%)

States with the most loan delinquencies – #5. South Carolina

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 5.58% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 8.43% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 3.39% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 13.17% (U.S. Average: 11.4%)

States with the most loan delinquencies – #4. Mississippi

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 5.49% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 6.64% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 2.46% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 15.99% (U.S. Average: 11.4%)

States with the most loan delinquencies – #3. New Mexico

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.71% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 7.51% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 3.19% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 16.28% (U.S. Average: 11.4%)

States with the most loan delinquencies – #2. Nevada

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.83% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 10.71% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 5.4% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 13.58% (U.S. Average: 11.4%)

States with the most loan delinquencies – #1. Florida

Delinquency Statistics (2014):
Auto Loan Delinquency Rate: 4.83% (U.S. Average: 3.48%)
Credit Card Delinquency Rate: 10.56% (U.S. Average: 7.35%)
Mortgage Delinquency Rate: 6.96% (U.S. Average: 3.03%)
Student Loan Delinquency Rate: 14.22% (U.S. Average: 11.4%)

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