Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate credit score services to help you make smart decisions with your money. When you apply for a loan or a credit card, these creditors evaluate your credit history to see how risky of an investment you are to them. One of the red flags that these lenders are looking for is delinquencies, a period where you ha ...
Americans are racking up credit card debt and increasingly falling behind on their payments, recent reports show.
Almost one-fifth of credit-card borrowers were using at least 90% of their available credit in the first quarter of 2024, the New York Fed reports.
Credit card delinquencies are on an upward trend, as evidenced by recent bank earnings. Bank of America (BAC), among others, has reported a year-over-year increase in delinquency rates, raising con...
Americans owe a collective $1.12 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. In line with typical spending...
reported on the delinquency trend. “Credit card delinquencies, in particular, have risen... more credit available,” Bloomberg reported: The Fed’s report showed 6.9% of credit card...
A 49-page credit report appeared on my screen. I hit download, and I proceeded to the next credit agency on my list, TransUnion. FICO vs. VantageScore:What's the difference, and which is...
According to the Q1 2024 Insights Report issued by the... This surge in delinquencies comes at a time when many Americans are increasingly relying on credit to help cover everyday...
Summary II on Supervision and Regulation Report 2023: Key insights on loan growth, credit card trends, and delinquency rates.
Consumers are struggling to pay off their credit card debt even as many trim their spending, a new Philadelphia Fed report finds.