We all know those folks when the phone rings they're afraid to answer it because there's a good chance it might be a bill collector. I had a mentor once (he was a very wealthy businessman) who told me that the best thing I could do in life was have good credit.

Credit: Canva
Credit: Canva
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While I'm not sure it's the best thing, it's certainly important, especially when buying a vehicle or a home.

Over the last few years as the economy has taken a bit of a hit, we've all read the reports about how Americans are struggling with debt, but what about Montanans? How are we holding up?

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The folks over at WalletHub looked at all 50 states to determine which states were the most delinquent when it comes to debt. They then ranked them from worst to best.

Where does Montana rank when it comes to debt delinquency?

According to the data, Montana is in pretty good shape. Of the 50 states, Montana ranks 46th when it comes to states with the most delinquent debt. The only states better are Colorado, Hawaii, Washington, and Iowa.

Source: WalletHub

WalletHub used the following factors to determine the rankings:

  • Percentage of Tradelines Delinquent
  • Percentage of Loan Balance Delinquent

Which state is the most delinquent? That would be Mississippi which scored 100 out of 100 compared to Montana which scored 18 out of 100 for the total score.

It's interesting when looking at the map when you compare different regions of the country, it seems there's a bit of a theme. For the most part, the western region of the United States scores pretty low when it comes to debt delinquency compared to the southern region which scores high.

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Credit: Canva
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Another interesting factor is that the West is typically more expensive than most of the country, yet the residents of the region don't seem to be struggling as much as the rest of the country.

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