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

Fed Rate Cuts Won’t End the Sting of High Interest Rates for Subprime Cardholders ...

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

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

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

Despite strong 2024 financials, consumer sentiment remains low. Companies must stay agile, creative, and customer-focused to ...

Mumbai: The Reserve Bank of India (RBI) on Monday flagged risks in microfinance and consumer credit, which constitute 15% of the total scheduled commercial bank loans, with delinquency ...

The sharp rise in defaults is a sign of how consumers ... in consumers’ cards that is at least one month overdue. Credit card delinquency rates, which are seen as a precursor to write-offs ...

Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping." ...

“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 ...

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