Which States Have The Highest Credit Card Default Rate?

When it comes to credit card defaults not all states are created equal. The state I live in is one of the worst.

According to TransUnion the five states that pose the biggest credit risk are:

- Mississippi (credit risk index of (166.45)

- Texas (162.59)

- Nevada (158.76)

- South Carolina (158.76)

- Louisiana (153.84)


But like everything else there is a lighter side. The least risky states are:

- North Dakota (82.02)

- Minnesota (88.53)

- Vermont (91.82)

- South Dakota (94.75)

- Iowa (95.26)

TransUnion global chief scientist Chet Wiermanski says,"It is apparent that many of the states experiencing the highest increase in credit risk are the same when looking at the Credit Risk Index static on both a quarterly and yearly basis," said Wiermanski in the release that accompanied the data. "this leads TransUnion to believe that consumers in these states will experience prolonged systemic difficulties in both their ability to satisfactorily repay their existing credit obligations and in their ability to acquire new credit."

Oh, no. This means people will continue to default not only on their credit cards, but on their mortgages. When will this madness ever stop?