Financial service business have written off 50 percent more overdue credit card debts in the past year, after exhausted ...

US credit card defaults surged by 50% compared to the previous year, reaching levels not seen since 2010, according to data ...

“We’ve seen notably elevated flows into delinquency, particularly for credit ... They pointed to the rise in payments consumers are making on credit cards and auto loans, which is attributed partly to ...

The New York Federal Reserve reported last month that Americans' credit card debt hit another record high in September, ...

Credit card balances have soared in recent years, with the total amount U.S. consumers owed topping $1 trillion for the first ...

Americans defaulted on their credit card loans at levels not seen since 2010, the Financial Times reported Monday. Credit ...

Many economists and others have felt relief over continued GDP growth. But data like this suggest that the foundation of the ...

The sharp rise in defaults is a sign of how consumers’ personal ... another $37bn remains in consumers’ cards that is at least one month overdue. Credit card delinquency rates, which are seen as a ...

These figures reveal widespread social distress and economic insecurity in America’s supposedly booming economy.

In 2023, household credit card debt rose to $1.3 trillion, surpassing the pre-pandemic peak in 2029 which was $927 billion.

Credit card spends in November dropped 16.1 per cent month-on-month (M-o-M) to Rs 1.7 trillion, owing to moderation in ...

Young credit card users are increasingly using credit for non-essential purchases, often relying on EMIs to finance their ...