Behind on your bills? Study says Louisiana is second-most delinquent on debt payments in US

BATON ROUGE, La. (BRPROUD) — Louisiana ranks second in the U.S. for people delinquent on debt payments.

A study by WalletHub analyzed proprietary user data from Q1 2024 for all 50 states to determine which states are the most delinquent.

Louisiana was identified as the second-most delinquent state with 11.59% of residents behind on their individual loans and lines of credit.

“When you look at dollar amounts, Louisiana residents are delinquent on 10% of their entire debt, which is also the second-highest rate in the country,” according to the study.

Study: Louisiana residents among states with the worst credit scores

Other states with the most debt delinquency are in the southern United States. Mississippi ranked first and Alabama ranked third.

See the top 10 states most delinquent on debt payments.

1. Mississippi

2. Louisiana

3. Alabama

4. Arkansas

5. West Virginia

6. Oklahoma

7. Delaware

8. South Carolina

9. Kentucky

10. Texas

“Being delinquent on debt can lead to fees, credit score damage, increased interest rates and other negative repercussions. That’s why it’s important to get current as quickly as possible. For many types of debt, you will have at least 30 days after your due date to make your payment before the lender officially reports it as ‘late’ to the credit bureaus. Many lenders also offer hardship programs that can allow you to temporarily forgo payments due to financial difficulty.”

Cassandra Happe, WalletHub Analyst

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