States With the Most Collection Accounts – WalletHub Study

Collection accounts stay on a person’s credit report for seven years and can cause significant credit score damage, and increases in collection accounts in a state also show people are having trouble paying their bills. To see where Americans’ financial futures are most in jeopardy, the personal-finance website WalletHub today released its new report on the States With the Most Collection Accounts.

Most Collection Accounts Fewest Collection Accounts
1. Wyoming 41. Michigan
2. Texas 42. South Dakota
3. Montana 43. Colorado
4. Nevada 44. New Hampshire
5. Delaware 45. New Jersey
6. Wisconsin 46. North Carolina
7. Maine 47. Massachusetts
8. Idaho 48. Hawaii
9. South Carolina 49. Mississippi
10. Kansas 50. New York