http://getoutofdebt.org/7373/your-credit-is-riskiest-if-you-live-in-mississippi-or-texas Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Sun, 12 Feb 2012 06:45:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://getoutofdebt.org/7373/your-credit-is-riskiest-if-you-live-in-mississippi-or-texas#comment-12096 Jared Thu, 09 Jul 2009 19:04:14 +0000 http://getoutofdebt.org/?p=7373#comment-12096 That list has nothing to do with "credit risk" and everything to do with "what states are hardest to squeeze a little more blood out of debtors." That is to say, Texas makes the list simply because those who default on unsecured debt in Texas are very hard to collect from--even with a judgment. Nevermind that Texas has one of the lowest unemployment rates in the nation (tied with "least risky" Vermont, better than MN); apparently all those unemployed in CA and MI are going to still be able to pay their credit cards. That list has nothing to do with “credit risk” and everything to do with “what states are hardest to squeeze a little more blood out of debtors.”
That is to say, Texas makes the list simply because those who default on unsecured debt in Texas are very hard to collect from–even with a judgment. Nevermind that Texas has one of the lowest unemployment rates in the nation (tied with “least risky” Vermont, better than MN); apparently all those unemployed in CA and MI are going to still be able to pay their credit cards.

]]> http://getoutofdebt.org/7373/your-credit-is-riskiest-if-you-live-in-mississippi-or-texas#comment-12087 Frank Fitton Thu, 09 Jul 2009 17:17:26 +0000 http://getoutofdebt.org/?p=7373#comment-12087 Interesting that my home state of Florida, which had 4 of the top 5 cities with the most credit card debt according to Forbes list, isn't a high risk state. .-= Frank Fitton´s last blog ..<a href="http://www.thedebtgazette.com/2009/07/dykstrabankrupt/" rel="nofollow">Lenny Dykstra from Stock Guru to Bankrupt</a> =-. Interesting that my home state of Florida, which had 4 of the top 5 cities with the most credit card debt according to Forbes list, isn’t a high risk state.
.-= Frank Fitton´s last blog ..Lenny Dykstra from Stock Guru to Bankrupt =-.

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