Between today's record-high rates and the compounding nature of the interest charges, a large number of Americans are ...

The state of Florida has the second-highest credit card delinquency rate in the nation at 11.68 percent. Rates remain ...

Credit card lenders wrote off $46 billion in seriously delinquent loan balances in 2024, signaling financial stress for US ...

Microfinance institutions (MFIs) are facing challenges including rising delinquencies and seek government support, including ...

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." ...

During the first nine months of 2024, lenders were forced to write off $46 billion in delinquent credit card balances, ...

Finance Ministry to meet with MFI players on Wednesday amid rising bad loans and delinquencies in the sector. The meeting ...

During the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to a report from the Financial Times citing data analyzed by ...

Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam is about to break on Americans' record-high consumer debt. During the first ...

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

The collection account gets reported to the credit bureaus as a separate item, or tradeline, on the debtor's credit report. This mark will stay on their credit history for up to seven years plus 180 ...

“Rather than being a sign of broader distress, this increase in delinquencies is explained by a substantial increase in the ...