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According to a New Study, Citizens of Provo, Utah Pay Their Bills On Time

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Provo–LendingTree®, the nation’s leading online loan marketplace, today released a study on where people are most likely to pay their bills on time.Late bill payments can stay on a credit report for up to seven years and make it more difficult to qualify for new financing. Even so, many people struggle to meet their monthly bill obligations.

LendingTree researchers pulled anonymized TransUnion-based credit reports of a sample of the more than 9 million My LendingTree users from the first quarter of 2018 and ranked the largest 100 metros by the percentage of residents with at least one account overdue on their credit report. The higher the ranking, the greater the likelihood that the city’s residents are paying their bills on time.

Key takeaways:

About 95 percent of borrowers in the 100 metros reviewed are paying their bills on time.

On average, people have six past late payments on their credit report.

Provo, Utah tops of the ranking with fewer than 6 percent of its residents having a delinquent account.

San Francisco and Sacramento, Calif., follow close behind, ranking second and third, respectively.

People who live west of the Rockies are the most likely to repay their credit card debt on time, taking up nine of the top 10 spots, and 16 of the top 25 spots.

Winston-Salem, N.C. has the highest rate of people with a delinquent account. About 9.53 percent of Winston-Salem residents have at least one delinquent account on their credit reports.

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