Nevada has highest credit card delinquency
TransUnion, a large Chicago credit reporting agency, issued a report showing Nevada led the nation in credit card delinquency, defined as “the ratio of borrowers 90 or more days past due.”
Delinquency in the more recent period for which there is completed data—the first quarter of 2008—was highest in Nevada (1.74 percent), followed closely by Mississippi (1.53) and Florida (1.51).
This occurred in a period when delinquency was actually falling.
“Even states like California, Florida and Nevada who have experienced large increases over the last four quarters in their bank card delinquency rates showed a drop in the first quarter,” said TransUnion consultant Ezra Baker in a prepared statement.
The company predicted later reports will still show Nevada experiencing high delinquency in the later months of 2008.