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Ohio Credit Card Delinquencies Soar Amid Economic Struggles

1/26/2025

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Summary

Story summary

Ohio's credit card delinquency rates surged, placing the state 10th in the U.S. from Q3 2023 to Q3 2024.
Approximately 25% of credit cards in Ohio are now delinquent, with average debt reaching $6,300.
Economic difficulties, particularly a weak job market, are driving these rising delinquencies.
Experts recommend prudent credit management and consulting nonprofit credit counseling agencies for assistance.

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Story summary

Ohio's credit card delinquency rates surged, placing the state 10th in the U.S. from Q3 2023 to Q3 2024.
Approximately 25% of credit cards in Ohio are now delinquent, with average debt reaching $6,300.
Economic difficulties, particularly a weak job market, are driving these rising delinquencies.
Experts recommend prudent credit management and consulting nonprofit credit counseling agencies for assistance.