Hank Russell
A recent report found that credit card delinquencies in New York State did not increase as much as it did with other states.
New York State had the 32nd-largest increase in delinquencies during the second quarter of 2025, according to WalletHub. (A delinquency occurs when a credit cardholder is 30 days late on their payments.) The state had 23.31% more delinquencies from Q1 2025 to Q2 2025.
Minnesota had the largest increase in delinquencies, based on data from WalletHub. The report found that the state’s residents were delinquent on nearly 32.88% more credit cards in Q2 2025 than they did during Q1 2025. Florida had the smallest increase at 14.79%.
This is an improvement over the third quarter of 2024, when New York was 12th in seeing the highest rise in credit card delinquency. Further, 21.45% of credit card account holders were at least 30 days late on their payments.
During the second quarter of this year, New York had the 10th lowest share of delinquent credit cards. According to WalletHub, 15.53% of credit card accounts were delinquent — 41st in the nation. Florida had the lowest share (13.99%) while Mississippi had the highest (36.69%).
“Long-term credit card delinquency can lead to large drops in your credit score, so it’s imperative to get your account current as quickly as you can,” WalletHub analyst Chip Lupo said.
Lupo pointed out that cardholders won’t have their delinquencies reported to the credit bureaus if they catch up on their payments. “If you’ve been delinquent for a significant period of time, there are other strategies you can pursue in order to get back on track, such as hardship programs, strategic budgeting, and consolidating debt.”