DALLAS — Texas, how are you feeling? According to WalletHub, we shouldn’t be surprised if the answer is “distressed” . The site recently listed Texas as the state with the most people in financial distress.
For this analysis, being ‘Number One’ is a bad thing. And Texas was number one overall. And compared to the other states, we weren’t too far away from being number one (again, that’s bad in this case) for each of the categories they considered: Credit scores (Texas was #13), the number of people with distressed (or delinquent) accounts (#8), the average number of those distressed accounts (#7), where we rank in bankruptcy filing increases (#6), and how often Texans search Google for terms like “debt” (#13) and “loans” (#5).
Something appears to be afoot. Late last year, LendingTree