Posted on 01/25/2024 3:48:53 AM PST by davikkm
In the ever-evolving landscape of financial dynamics, a disconcerting narrative unfolds. Credit card delinquency rates have surpassed pre-pandemic levels, marking a troubling turn in the economic trajectory. The report from the Federal Reserve Bank of Philadelphia paints a stark picture of the challenges faced by consumers, revealing alarming statistics that demand our attention.
Delving into the heart of the matter, the report reveals that credit card delinquency rates have surpassed pre-pandemic levels. A staggering 3.2% of card balances were at least 30 days past due as of September, marking the highest figure in over a decade. This surge, up by over 40 basis points from the previous quarter, paints a grim picture of the economic challenges faced by cardholders.
(Excerpt) Read more at citizenwatchreport.com ...
Never fear. Biden will just forgive all this debt as well.
A few rounds of major hospitalization did it to me. I’ve paid off the vast majority of the individual accounts.
I think in 14 to 18 months with strict budgeting and nothing else big happens, that should be gone.
The only actual debt I have now.
Chase offer at their site a 24.99% rate for a new credit card..... Loan sharks give a better deal.
Go to bankrate.com to get a 0% rate for 12 to 18 months before the sky high interest rates.
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