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 ...

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In a recent SEC filing, Citigroup Inc.’s C subsidiary, Citibank N.A., disclosed a rise in its credit card trust delinquency and net charge-off rates for November 2024 compared with October 2024.

Maxed-out credit card balances and delinquent payments are on the rise, especially among younger generations. Factors like inflation and social media pressures may be contributing to higher ...

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 ...

If you fail to make a minimum monthly payment 30 days after your due date, that's a credit card delinquency. Delinquencies ...

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 ...