Detroit Tops WalletHub's Debt Delinquency List
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
WalletHubs study reveals stark debt delinquency disparities across the top 100 U.S. cities. Detroit leads with 15.7% of loans overdue and 20.2% of total debt past due. Newark, NJ, and Greensboro, NC, follow, highlighting financial strain. These rates impact credit scores, limiting housing, car, and credit options. WalletHubs methodology considers both individual account and total loan delinquency. As economic hurdles persist, experts advise prompt action within the 30-day grace period to prevent long-term credit damage.
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