Collection accounts can greatly damage a person’s credit score and remain on their credit report for seven years, and increases in collection accounts in a city indicate that people are experiencing difficulty paying their bills. To see where Americans are in the most financial danger, the personal-finance website WalletHub today released its new report on the Cities With the Most Collection Accounts.
Biggest Collection Account Problem | Smallest Collection Account Problem |
1. Laredo, TX | 91. Lincoln, NE |
2. Corpus Christi, TX | 92. Greensboro, NC |
3. Irvine, CA | 93. Honolulu, HI |
4. Plano, TX | 94. Portland, OR |
5. Irving, TX | 95. Cleveland, OH |
6. Omaha, NE | 96. San Francisco, CA |
7. Henderson, NV | 97. Des Moines, IA |
8. Austin, TX | 98. Hialeah, FL |
9. Dallas, TX | 99. Washington, DC |
10. New Orleans, LA | 100. Winston-Salem, NC |