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24/7 Wall St.: America’s Worst States for Fraud

5. Nevada

Complaints per 100,000 population: 620
Total complaints: 36,561
Identity theft complaints per 100,000: 89.9 (7th most)
Recession home value decline: 60 percent (the largest)
Homes late on payment or in foreclosure: 13.4 percent (2nd most)

Home values in Nevada fell by approximately 60 percent from their prerecession peaks last year, the biggest decline in the country. The housing crisis led to high unemployment and a large percentage of homeowners either have underwater mortgage or are in foreclosure. According to Credit Karma, Nevada residents have the 10th-highest mortgage debt per capita and the seventh-highest credit card debt per capita. State residents reported an average of 620 consumer-related complaints per person. Some 530 of those complaints per person fall into the fraud and other offenses section and the rest into identity theft.

(iStock Photo)

More From 24/7 Wall Street:
The Most Unhealthy Counties in America
10 Most Oil-Rich States
America’s Most Corrupt States

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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