Americans Finding It Difficult to Pay Credit Card Dues on Time, as Delinquency Rises Amid All-Time-High Interest Rates

The Epoch Times, ^ | January 10, 2023 | Naveen Athrappully

[Retain Mike]

“Amid All-Time-High Interest Rates”

Such nonsense. As investment officer overseeing a cash portfolio, I remember buying one-week Federal Farm Credit Agency paper yielding 15% in 1981.

[Craftmore]

well duh,,,,same this people been saying for 30 years

[EEGator]

Chapter 7’s galore...

[unclebankster]

Not surprising.

People will hold on to a lifestyle until the “credit levy breaks.”

After the break a new reality sets in, called “paying the piper.”

[EEGator]

Or filing for bankruptcy.

[Portnoy001]

They’re talking about credit card interest, which is indeed completely out of control. When 25% is common it’s flat out usury. They’d stone people for that not long ago.

[nascarnation]

Is there a stock to invest in that re-pos cars?
Sounds like a strong future.

[Diana in Wisconsin]

Credit Cards are one of the most evil inventions ever, especially when put in the hands of a college student or a person that’s already broke. :(

[Mark]

Those evil Republicans! (/s)

[shadeaud]

Ahhh hey Bevis. Hehehe yas tink we’sss might cut back on sum spendin?? Hehehehe

[DoughtyOne]

This isn’t the all-time high of interest rates. Course
Biden has two years to go.

[unclebankster]

Or filing for bankruptcy.

**********

That is also an option, but I wanted to get my ‘paying the piper’ line in.

[unclebankster]

Is there a stock to invest in that re-pos cars?
Sounds like a strong future.

*******

Off hand, I don’t know. I’ll look into it over the weekend.

You may be on to something.

[Libloather]

Credit scores implode!

[nascarnation]

All the car dealers and collision repair shops have been consolidated into conglomerates. Why not repo guys?

[unclebankster]

This isn’t the all-time high of interest rates. Course
Biden has two years to go.

*******

Lol

Sorry for laughing.

[SPDSHDW]

I had some card adverts in the mail the other week.

42% interest, and I have excellent credit.

I laughed so hard at that.

[Pox]

I was still in High School that year, and I was well aware of the interest rates and Stagflation finally winding down.

I guess that history only started around Clinton’s tenure...

[MeganC]

People who don’t fall for the lifestyle of debt don’t need to worry about credit card payments.