Rising Credit Card Delinquencies in the US: Tips for Managing Debt
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Rising credit card delinquencies in the US are a cause for concern, with total credit card debt surpassing $1 trillion for the third consecutive quarter. Delinquency rates are increasing across all credit tiers and products, indicating potential economic stress. Consumers' total outstanding credit has also increased, but at a slower rate than forecasted. Lower-income borrowers are struggling the most, while higher-income households continue to spend and borrow. Lenders are tightening lending standards, and major credit card issuers are experiencing weakening credit performance. It is crucial for individuals to manage their debt, seek assistance from credit counselors, and be cautious with borrowing. #CreditCardDebt #Delinquencies #FinancialStress...

#newstr #CreditCardDelinquencies #DebtManagement #CreditCounseling 

 https://here.news/story/89505000?ver=0.33