Florida Financial Distress Profile

The credit card delinquency rate in Florida is 14.9% as of Q4 2025, ranking #2 among the 51 states and DC, 2.5 percentage points above the U.S. 12.4%. It is up 4.4 percentage points from 10.5% in Q4 2019.

The NY Fed reports a $61,890 total debt balance per adult with a credit file in Florida, $1,310 below the U.S. $63,200 on the same basis. That is 30.6% higher than in Q4 2019. Florida ranks #21 on that basis.

Auto loan delinquency in Florida is 5.5% as of Q4 2025, 0.3 percentage points above the U.S. 5.2%. This ranks #20 of 51. The rate is down from 5.8% in Q4 2019.

Florida mainly uses judicial foreclosure, which goes through the courts. See our Florida foreclosure guide for the timeline, homeowner protections and where to get free help.

Florida scores 96 on the State Distress Index (extreme state distress), which means it is more distressed than 96% of the 50 states and D.C.. It ranks #3 of 51 jurisdictions, in the most distressed fifth. The score is built from 4 equal-weighted domains: delinquency, default and legal, debt burden on a housing basis, and labor. It ranks states against each other at one time. Separately, the national American Distress Index reads 47.0 (Typical) for the country over time. The composite itself sits higher than 44% of all published quarters since 2005.

The CFPB has received 48,188 mortgage complaints from Florida since 2012, 206.2 per 100,000 residents, 71.2 above the U.S. rate of 135. That ranks #6 of 51. Companies responded to 98.1% of Florida complaints on time.

Florida had 44,661 bankruptcy filings in the 12-month period ending Dec 2025, 191.1 per 100,000 residents, 22 above the U.S. rate of 169.1. This ranks #17 of 51. Chapter 7 filings account for 69.6% and Chapter 13 for 28.3%. That is 25.6% more filings than in 2024.

15.3% of people with a credit file in Florida have debt in collections, 1.4 percentage points above the U.S. average of 13.9%. This ranks #18 of 51. 18.6% have subprime credit scores (below 620), 1.7 percentage points above the U.S. average of 16.9%. Data from the Federal Reserve Bank of Philadelphia Consumer Credit Explorer (NY Fed / Equifax), Q1 2025.

2,358,796 residents of Florida received SNAP benefits in June 2026, an enrollment rate of 10.1%, 0.7 percentage points below the U.S. rate of 10.8%. This ranks #25 of 51. That is 19.5% fewer people than in June 2025. The rate is 1.5 percentage points below the October 2019 to February 2020 average.

Florida scores 42.4 out of 100 on the Safety Net Index, ranking #26 of 51 (Weak). The score combines Medicaid coverage (15.9% enrollment rate, non-expansion state), SNAP enrollment (10.1%), and foreclosure legal protections. That is below the state average of 43.6.

Gadsden County is the most distressed county in Florida with a County Distress Index score of 99 · extreme county distress, ranking #7 nationally out of 3,144 counties. Hamilton County (98 · extreme county distress), Putnam County (95 · extreme county distress), Highlands County (94 · extreme county distress) are next. St. Johns County is the least distressed at 23 · low county distress. See all 67 counties at /counties/florida/.

Florida mainly uses judicial foreclosure, which goes through the courts. The timeline varies by county and case. Paying to stop the foreclosure: Any period to catch up on missed payments depends on the terms of the mortgage. Separately, Fla. Stat. 45.0315 lets the mortgagor cure the debt and prevent the foreclosure sale at any time before the later of the clerk's filing of the certificate of sale or the time set in the foreclosure judgment, but that requires paying the judgment amount or, before judgment, the full amount due, including any accelerated balance. Homestead exemption: Unlimited value. The size limit is half an acre of contiguous land within a city and 160 acres outside, for a home owned by a natural person; within a city, the exemption is limited to the residence of the owner or the owner's family (Art. X, Sec. 4, Florida Constitution). It does not protect against taxes and assessments on the home, debts for its purchase, improvement or repair, or debts for labor performed on it. Full details at /help/foreclosure/florida/.

Florida scores 96 on the State Distress Index (extreme state distress), which means it is more distressed than 96% of the 50 states and D.C.. It ranks #3 of 51 jurisdictions, in the most distressed fifth. 4 of 5 NY Fed household debt measures are above the U.S. figure. The State Distress Index domain with the highest score is Debt Burden (housing basis). County Distress Index details are listed separately by county. The safety net ranks #26 (Weak), a state that has not expanded Medicaid.