Florida’s Credit Card Delinquency Rates

Florida is often celebrated for its beautiful beaches and sunny weather, but there’s a troubling trend revealing a different story: credit card delinquency.

According to a recent study by WalletHub, which analyzed data up until June 2025, Florida ranked last among all 50 states in terms of credit card delinquency. Interestingly, the reasons behind this poor performance weren’t specified.

Falling behind on credit card bills can significantly hurt a person’s credit score, which becomes especially crucial as the hectic holiday shopping season approaches.

However, there may still be hope for those struggling with payments. Chip Lupo, an analyst from WalletHub, noted, “The good news is that if you manage to get current before 30 days have passed, your delinquency will not be reported to the credit bureaus.” This provides a bit of relief, but it still requires timely action.

Shoppers should remain cautious, particularly about deferred-interest payment plans. These plans often seem enticing—charging no interest at the start—but can lead to hefty interest rates later on. In fact, a separate WalletHub study found that many Americans often enroll in “buy now, pay later” programs without fully understanding their payment obligations.

Moreover, large retailers, like Best Buy, do not always clearly communicate the high-interest rates associated with their store credit cards, which raises additional concerns for consumers.

As the holiday season progresses, it’s essential to keep track of potential debts. Black Friday sales are still ongoing, and small business promotions are set for November 30, followed by Cyber Monday on December 1.