Not a single state escaped a surge of unpaid, overdue loans from 2007 to 2008. According to the FDIC, 30 days past-due leases and loans and nonaccrual loans -- loans with principal and interest overdue for more than 90 days -- increased in every state during the one-year period.
Use the graphic below to find out how your state performed. Mouse over a state and a window will pop up showing how common overdue loans were in 2007 and 2008. The deeper the shade of red, the more rapidly loan performance has deteriorated. Not surprisingly, loans have gone bad most rapidly in the states where housing prices boomed steeply and busted hard -- Florida, Nevada and Arizona.
Rate survey: Credit card rates hold steady for 2nd week – The average interest rate on a new credit card offer remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report, though issuers are still tweaking APRs ...
Consumer credit card balances keep rising, Fed says – Consumer credit card balances moved higher in December, as more Americans pulled out their cards for the holidays. But experts say that a return to holiday shopping may not be the only reason why consumers saw their balances swell ...
Did you like this story? Then sign up for CreditCards.com’s weekly e-newsletter for the latest news, advice, articles and tips. It's FREE. Once a week you will receive the top credit card industry news in your inbox. Sign up now!