Nevada has Highest Credit Card Delinquency Rate
TransUnion reports 1.79 percent of credit card accounts in Nevada are late on payment.
One factor that could drive consumers to file bankruptcy is having too much credit card debt, which makes it difficult to stay current on bills.
A recent report from TransUnion showed that Nevada had the highest delinquency rate in the country. Of credit card accounts in the state, 1.79 percent were at least 90 days late on payment in the first quarter of this year, the firm said.
However, the report also showed that no state in the country posted gains in delinquency rates, while the nation as a whole saw them decline to 1.11 percent of all accounts. That marks an 8.3 percent drop when compared to last year's fourth quarter.
For the rest of the year, Ezra Becker, TransUnion director of consulting and strategy, said the national delinquency rate could drop below 1 percent. However, Nevada is expected to continue to hold the top spot for the rest of 2010.
Another report from the group showed that Nevada also had the highest delinquency rate for mortgages during the first quarter. Of all home loans in the state, 15.98 percent were late on payment.
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