Troubling Signs Emerge as Credit Card Debt Hits Record High As credit card debt hit an all-time high, just shy of $1 trillion, in the final three months of 2022, delinquencies among borrowers accelera...
Tag: Delinquencies
Consumer debt hits record $16.9 trillion as delinquencies rise as well
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters Consumer debt hit a fresh record at the end of 2022 while delinquency ...
Auto loan delinquencies rise. What to do if you struggle with payments
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days r...
More Consumers Turn To Buy Now, Pay Later; Signs The Economy Will Struggle
Out of Cash, Many Americans Add to Their Credit Card Debt During the Holidays Once flush with additional savings from the pandemic, many consumers have exhausted that excess cash due to ongoing inflat...
Apple, Walmart Go Big Into Financial Services; Delinquencies, Charge-Offs Rise
Credit Card Delinquencies, Charge-Offs Rise on Path to Normalization Credit card delinquencies and charge-offs rose for all six major U.S. card issuers in October. Bank executives said such a trend is...
Auto loan delinquencies rise as loan-accommodation programs end
With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto l...
What rising auto loan delinquencies tell us about the economy
This post was originally published on TKer.co While consumer debt delinquency rates remain low, they are picking up. In a blog post Monday, the Consumer Financial Protection Bureau flagged the rate at...
Student Loan Delinquencies Expected To Spike In May With End To Freeze That Waived $195 Billion In Payments
Topline In less than six weeks, a majority of federal student-loan borrowers could be forced to start making payments on their debt for the first time in more than two years, and based on repayment tr...