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Research and Statistics

FDIC: Overdue loans on the rise

Summary

FDIC data show that every state experienced an increase in unpaid loans from 2007 to 2008. Use this graphic to find out how your state performed.

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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.

See related: Credit card charge-offs reach 20-year high, Job losses pushing up credit card delinquencies, Don’t take the refund anticipation loan bait

More interactives:How a credit card is processed, Interactive graphic on APR changes, 2005-2008 bankruptcy filings by state, State statutes of limitation for credit card debt, Anatomy of a credit card

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