This year’s holiday spending is expected to push the nation’s $1.17 trillion in household credit card debt even higher—and with rising debt, cardholders are increasingly at risk of falling behind on their payments.

A new analysis from Upgraded Points sheds light on credit card delinquency rates in the U.S., broken down by metro and state. Researchers ranked locations by the share of cardholders with severely delinquent debt as of Q4 2023, the latest data available.

Credit Card Delinquency in Georgia

• Last year, 16.5% of cardholders in Georgia had severely delinquent debt (90+ days overdue), the 3rd highest delinquency rate in the nation.

• The average credit card debt in Georgia was $6,757.

• Additionally, 33.3% of Georgia cardholders utilized more than 75% of their total credit, which can hurt credit scores and make it more difficult to secure loans or favorable interest rates in the future.

Access to credit is an important resource for managing personal finances, whether to pay for major purchases, serve as a bridge to cover regular expenses, or smooth out spending when something unexpected happens. But reliance on debt like credit cards can also mean racking up large balances that are hard to pay off.

In this tumultuous economy, rising financial pressures have caused more individuals to struggle with credit card payments, leading to higher delinquency rates and worsening financial strain. This analysis examines how credit card delinquency rates vary across the U.S., highlighting the regions and demographics most affected by financial instability.

For the full report visit upgradedpoints.com