With 7.8 million Americans being late or allowed to delay payments on at least one of their credit accounts, WalletHub today released its latest report on the States With the Most People in Financial Distress to shed light on the financial troubles experienced by people across the U.S., and to show where those difficulties are most pronounced.
| Most Distressed | Least Distressed |
| 1. Texas | 41. Maine |
| 2. Louisiana | 42. Montana |
| 3. Nevada | 43. North Dakota |
| 4. Kentucky | 44. Oregon |
| 5. Florida | 45. Wisconsin |
| 6. Tennessee | 46. Vermont |
| 7. Mississippi | 47. New Hampshire |
| 8. Oklahoma | 48. Hawaii |
| 9. South Carolina | 49. Wyoming |
| 10. Arizona | 50. Alaska |
“Millions of Americans are having trouble making payments on their debts, which can lead to unsustainable interest, fees and credit score damage. The best strategies for getting current on your debt include strict budgeting that cuts your spending, transferring the balance to a new bank with a lower interest rate, and working out a debt management plan with your creditor.”–
“Texas is the state experiencing the most financial distress. In Q3 2024, 8.2% of the Lone Star State’s residents had at least one credit account in forbearance or with deferred payments. Texas also had the sixth-highest year-over-year increase in the share of people in financial distress. On top of that, Texans had an increase of 25.8% in non-business bankruptcy filings in the past year, the seventh-highest increase in the country.”
- Chip Lupo, WalletHub Analyst
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