A delinquent report on your credit score is a bad sign for your credit future, but in Louisiana, it seems half of us don't look twice at a bad sign. New research shows just how bad Louisiana's credit card problem is.


 

  • A delinquent record can remain on your credit report for 7 years
    • Delinquency is reported after 30 days of missed payment
  • Nearly 45% of Louisiana's credit cards were delinquent in 2024

 

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44.63% Share of Credit Cards Delinquent

In 2024, WalletHub estimates that 44.63% of credit cards in Louisiana had delinquent payments. This means nearly half of all credit card holders in Louisiana were at least 30 days late on their credit card payments.

Debt seems to be a worsening problem in the boot-shaped state. Compared to the same period a year before, the share of delinquent credit cards increased by 34.34%, which has been followed by a drop in the average Louisiana credit score from 677 to 644.


 

Photo Illustration by Justin Sullivan/Getty Images
Photo Illustration by Justin Sullivan/Getty Images
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Why Credit Delinquency Matters

While credit delinquency is unavoidable in any credit-based economy, it does not directly mean the entire economy is on a downward trend, instead, this should be seen as a symptom of a suffering economy. It should be no surprise that credit delinquency would rise in a state where financial stress is a universal worry and experts warn against starting a family there because of the financial hardships.

Long-term a delinquency report on your credit history can be a difficult burden. Doing damage to your credit score can be incredibly detrimental and should be taken seriously at all steps, finding trustable and safe ways to manage your debt is one of the best ways of preventing debt from getting out of hand. Make payments on time and in full to prevent a credit delinquency report from hurting your future.

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