This Week In Credit Card News: The Numbers Show That Consumers ... - Forbes

The share of active credit card accounts making just the minimum payment hit a 12-year high of 10.75% from July through September 2024, based on data from the largest banks in the country, the ... Read More

This Week In Credit Card News: Consumers Are Hurting, Continue ... - Forbes

American consumers are continuing to rack up debt: Overall consumer credit increased at an annual rate of 2.1%, according to the latest tally from the Federal Reserve. Even after the Fed’s long ... Read More

Credit Card Rates Hit 13-Year Highs. Should You Be Financially Optimistic?

Despite improving sentiment, the cost of carrying credit card debt remains high. A $6,000 balance at today’s average rate of 24.62% would cost about $1,477 in annual interest, roughly $269 more than ... Read More

High-Income Borrowers Feeling The Credit Crunch – NMP

In what may signal impending strain for retailers ahead of the busiest shopping season of the year, credit delinquencies among borrowers earning $150,000 or more annually (“high-income earners”) more ... Read More

Why are credit card defaults surging? - ConsumerAffairs

Many Americans are starting 2025 carrying unmanageable credit card debt. The credit card default rate has hit its highest level since 2010, as lenders wrote off $46 billion in seriously delinquent ... Read More

Older Consumers Are Racking Up Credit Card Debt - U.S. News

Even though older consumers are working to pay off their debt, 71% have not looked for resources on how to reduce it. Retirement is supposed to mean sand, surf and sun. Or at least not worrying ... Read More

How American consumers are feeling the squeeze, in 4 charts - MSN

The prospects of sharply reduced monthly payments and, especially, debt forgiveness have faded; instead, those who have fallen behind on payments not only are seeing their credit scores tank as a ... Read More

Consumer Credit Delinquencies Hit Five-Year High – NMP

Credit card originations declined 0.23% in January from the previous month, reflecting reduced consumer demand following the holiday season. On a year-over-year basis, credit card originations ... Read More

Consumer debt grows as spending remains steady - Marketplace

Non-housing debt, which includes credit card debt, has hit a record high, according to the New York Federal Reserve. This story begins with a familiar narrative: the tale of two households. Read More

Consumer Fears of Credit Card Delinquency Rise - Inc.com

Consumer Fears of Credit Card Delinquency Rise A monthly New York Fed survey finds that while people felt generally positive about inflation, income, and jobs, fear of failing to make debt ... Read More