While credit card balances edged down in the first quarter, more borrowers still fell behind on their card payments, the Federal Reserve Bank of New York found.
Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers ...
As rates of severe delinquencies rise, the youngest borrowers are having the hardest time keeping up iwth payments as ...
The economy is strong, the job market is healthy, and consumer spending keeps chugging along, but an increasing number of ...
The Federal Reserve reported earlier this year that in late 2023, credit card delinquency rose above three percent for the ...
In the years prior to an Alzheimer's disease or other memory disorder diagnosis, credit scores begin to weaken and payment delinquency begins to increase, concludes new research led by Georgetown ...
Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit ...
Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from ...
1. According to 2024 data, the average monthly consumer debt payment, including credit cards, auto loans, and mortgages, is ...
A charge-off is when a creditor writes off a debt as unlikely to be collected. It negatively impacts your credit score and ...
New credit and debt data reveals many Americans are paying late fees on bills and using credit to cover the costs of ...
Ariel Barnes plunged into a credit card debt spiral in college, and a decade later she’s yet to escape. Barnes, a manager of gift processing at Jackson State University, has maxed out seven credit ...