Florida has the 11th highest credit card delinquency rate in the U.S.
This year spending is expected to push the nation’s $1.17 trillion in household credit card debt even higher—and with rising debt, cardholders are increasingly at risk of falling behind on their payments.
A new analysis from Upgraded Points sheds light on credit card delinquency rates in the U.S., broken down by metro and state. Researchers ranked locations by the share of cardholders with severely delinquent debt as of Q4 2023, the latest data available.
Credit Card Delinquency in Florida
• Last year, 14.4% of cardholders in Florida had severely delinquent debt (90+ days overdue), the 11th highest delinquency rate in the nation.
• The average credit card debt in Florida was $6,824.
• Additionally, 28.8% of Florida cardholders utilized more than 75% of their total credit, which can hurt credit scores and make it more difficult to secure loans or favorable interest rates in the future.
The full report.
