March Madness: An Analysis of State Delinquency Rates

As the Final Four games of the March Madness tournament kick off this weekend, TransUnion used its latest Industry Insights Report to share insights on the four teams’ home states. The Industry Insights Report, released every quarter, contains an analysis of more than 220 million credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans.

The analysis looked at consumer-level delinquency rates for credit card (90 days past due), mortgage (60 days past due) and auto (60 days past due) loans. More information about the Industry Insights Report can be found at http://www.transunioninsights.com/IIR/.

Kentucky: Home of the undefeated University of Kentucky, the state of Kentucky experienced a decline in both its mortgage (-7.1%) and auto loan (-4.4%) delinquency rates between Q4 2013 to Q4 2014. The state experienced a 1.8% year-over-year increase in its credit card delinquency rate.

North Carolina: The Duke Blue Devils hail from North Carolina, which experienced a year-over-year decline in its credit card (-3.5) mortgage (-12.3%), and auto loan (-4.2%) delinquency rates in Q4 2014.

Michigan: Michigan, the home state of the Michigan State Spartans, experienced an increase in its credit card (+0.7%) and auto loan (+7.3%) delinquency rates between Q4 2013 to Q4 2014. Michigan’s mortgage delinquency rate dropped 18.8% in Q4 2014.

Wisconsin: The home state of the Wisconsin Badgers saw a slight decline in its credit card delinquency rate (-0.7%) in Q4 2014. Its mortgage delinquency rate dropped 13.8% from Q4 2013 to Q4 2014. Auto loan delinquency experienced a 1.6% increase in Q4.

To learn more about the national delinquency rates for Q4 2014, visit http://www.transunioninsights.com/IIR/.