Infographic: Best, worst states for credit card delinquencies
There's good news when it comes to credit card
delinquencies, but it's not evenly spread across America, according to data on the first quarter of 2013 from credit bureau Experian.
The percent of balances 30 days or more past due decreased from
the previous quarter, meaning consumers are making some headway in paying off
debt, says the bureau's trends
analysis released June 13. Oil-booming North Dakota leads the pack when it comes to states with the lowest
delinquency rate, while real-estate-busted Nevada carries the biggest load of overdue balances.
lending is on the rise, too. Compared with the first quarter of
2012, new origination volume -- how much new spending people are putting on their cards -- was up by about $11 billion. That's about 20 percent above what it was at the same time in 2012, but still far below its pre-recession levels.
The chart below shows the best- and worst-performing states when it comes to credit card delinquencies.
See related: Interactive: Life cycle of a delinquent credit card account, More infographics
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<center><a href="http://www.creditcards.com/credit-card-news/infographic-bankcard-delinquencies-state-performance-1701.php"><img alt="CreditCards.com infographic: bankcard delinquencies" border="0" src="http://www.creditcards.com/credit-card-news/images/infographic-card-delinquecies.jpg" /></a> </center>
Published: June 18, 2013