American households have around $17.7 trillion in debt, and the personal-finance website WalletHub today released its new report on the States Where People Are the Most Delinquent on Debt to show where people are at the biggest risk of credit score damage and other negative consequences.
To highlight the places where people are having the most trouble paying their debts, WalletHub analyzed proprietary user data from Q1 2024 for each of the 50 states. In our ranking, we considered both the percentage of individual tradelines that were delinquent and the percentage of residents’ total loan balances that were delinquent.
Kentucky Stats
- Overall Rank for Kentucky: 9th
- Percentage of Tradelines Delinquent in Q1 2024: 10.19%
- Percentage of Loan Balance Delinquent in Q1 2024: 7.03%
States Where People Are the Most Delinquent on Debt (wallethub.com)
