MIAMI—A new analysis has ranked U.S states according to amount of debt that is in collections.
The ranking was released by WalletHub, which said it identified the states based on four key metrics, including the average number of collection accounts and the average balance, as well as the change in those values between Q3 2023 and Q4 2023.
The states with the most in collections according to the analysis are Wyoming, Texas, Montana, Nevada and Delaware.
The five states with the least amount in collections are New York, Mississippi, Hawaii, Massachusetts and North Carolina.
The full study can be found here.
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