Rising Credit Card Delinquencies in the US: Impact on Meme Coins and the Economy
===============
#89505000 ver:0.35
...
#newstr #CreditCards #Delinquencies #Borrowing #UsEconomy
https://here.news/story/89505000?ver=0.35
Rising Credit Card Delinquencies in the US: Impact on Meme Coins and the Economy
===============
#89505000 ver:0.34
Rising credit card delinquencies in the US are concerning for the economy and meme coins. Visa's strong Q2 results are overshadowed by Americans' total credit card balance surpassing $1 trillion for the third consecutive quarter. Delinquency rates for auto loans, credit card debt, mortgages, and personal loans are all increasing, indicating potential economic stress. Lower-income borrowers are struggling the most, leading to tightened lending standards. This could lead to a contraction in the US economy and impact speculative activities like meme coins. #CreditCardDelinquencies #EconomicStress #MemeCoins...
#newstr #CreditCard #Delinquency #UsEconomy #SpeculativeActivity #MemeCoins
https://here.news/story/89505000?ver=0.34
Rising Credit Card Delinquencies in the US: Tips for Managing Debt
===============
#89505000 ver:0.33
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
Consumer Credit Trends in the US and Nigeria: Rising Delinquencies and Growing Interest in Credit Schemes
===============
#89505000 ver:0.32
Visa reports strong Q2 results, but US consumer credit card debt surpasses $1 trillion for the third consecutive quarter. Delinquencies are rising across all credit tiers and products, with delinquency rates surpassing 1% for the first time since Feb 2020. Total outstanding credit in the US increases by $14.1 billion in Feb, with revolving credit accounting for the biggest increase in three months. Lower-income borrowers in the US are struggling to keep up with loan payments, while credit card delinquency rates reach record highs. Credit card issuers' performance weakens in Q1, with higher net charge-off and delinquency rates. US household debt increases by $184 billion in Q1, with rising delinquency rates in credit cards and auto loans. Credit card delinquencies in Nigeria continue to rise, highlighting the need for better credit data and infrastructure....
#newstr #ConsumerCreditScheme #Us #Nigeria #Delinquencies #Interest #CreditTrends
https://here.news/story/89505000?ver=0.32
Credit Union First-Quarter Earnings Rise, Delinquencies Fall, and Loan Portfolios Shrink
===============
#89505000 ver:0.31
US consumer credit trends diverge as delinquencies rise and loan portfolios shrink. Visa reports Q2 2024 growth, but Americans' credit card debt surpasses $1 trillion for the third consecutive quarter. Delinquency rates increase across all credit tiers and products, while new account originations and utilization rates decline. Major credit card issuers experience weakened credit performance in Q1 2024. Overall household debt increases, with rising delinquency rates in credit cards and auto loans. Credit union earnings rise, but delinquencies fall and loan portfolios shrink. #ConsumerCredit #Delinquencies #LoanPortfolios #EconomicTrends...
#newstr #CreditUnions #Earnings #Delinquencies #LoanOriginations #LoanQuality #NcuaData
https://here.news/story/89505000?ver=0.31
Credit Card Delinquencies Continue to Rise, Reaching 8.9% in Q1 2024
===============
#89505000 ver:0.3
Credit card delinquencies in the US reached 8.9% in Q1 2024, continuing to rise and raising concerns about consumer credit health. Visa reported strong Q2 results, but Americans' total credit card balance surpassed $1 trillion for the third consecutive quarter. Delinquency rates for auto loans, mortgages, and personal loans also increased. Lower-income borrowers are struggling, while higher-income households are driving spending. Lenders are tightening lending standards, and major credit card issuers are experiencing weakening credit performance. Overall debt levels for US households increased, with delinquency rates rising for credit cards and auto loans. The need for a comprehensive understanding of credit health and potential risks to the economy is emphasized. #CreditCardDelinquencies #ConsumerCredit #USDebt #EconomicRisk...
#newstr #CreditCard #Delinquencies #NewYorkFederalReserve
https://here.news/story/89505000?ver=0.3
US Household Debt Continues to Rise as Financial Distress Worsens
===============
#89505000 ver:0.29
US household debt continues to rise as financial distress worsens, with credit card balances surpassing $1 trillion for the third consecutive quarter. Delinquency rates are increasing across all credit tiers and products, signaling potential economic stress. While overall consumer borrowing has increased, new account originations and utilization rates have declined. The rise in delinquencies and declining credit scores highlight the challenges faced by lower-income borrowers. Major credit card issuers are also experiencing weakened credit performance. These trends raise concerns about the state of consumer credit health and the potential risks to the US economy. #HouseholdDebt #FinancialDistress #CreditCardDelinquency...
#newstr #UsHouseholdDebt #CreditCardDebt #DelinquencyRates #BorrowingCosts
https://here.news/story/89505000?ver=0.29
US Household Debt Continues to Rise as Financial Distress Worsens
===============
#89505000 ver:0.28
US household debt continues to rise as financial distress worsens. Visa's Q2 2024 results show impressive growth, but Americans' credit card debt surpasses $1 trillion for the third consecutive quarter. Delinquencies are rising across all credit tiers and products, indicating potential economic stress. Total outstanding credit increases, but new account originations and utilization rates decline. The rise in delinquencies and decline in credit health highlight the need for a comprehensive understanding of the consumer credit landscape. #Debt #FinancialDistress #CreditHealth...
#newstr #Visa #CreditCardDebt #ConsumerCredit #Delinquencies #DivergingTrends #FinancialDistress #UsHouseholdDebt #AutoLoans #Mortgages #CreditHealth
https://here.news/story/89505000?ver=0.28
US Credit Card Metrics Deteriorate in Q1: DBRS
===============
#89505000 ver:0.27
US credit card metrics deteriorate in Q1 as delinquencies rise across all credit tiers and products, total outstanding credit increases, and credit card balances grow. The increase in delinquencies and decline in new account originations and utilization rates signal potential economic slowdown and increased consumer stress. Major credit card issuers experience weakened credit performance, with net charge-off and delinquency rates surpassing pre-pandemic levels. Rising consumer credit card debt and concerns about rising delinquencies add complexity to the consumer credit landscape. The Federal Reserve's interest rate hikes and potential rate cuts are factors to watch. #creditcards #delinquencies #consumercredit #economy...
#newstr #CreditCardMetrics #CreditCardPerformance #CreditCardDebt #Delinquencies #Chargeoffs #UsEconomy #InterestRates
https://here.news/story/89505000?ver=0.27
Credit Card Net Charge-Offs Rise, but Banks Remain Unconcerned
===============
#89505000 ver:0.26
Consumer credit card debt in the US has surpassed $1 trillion, with rising delinquencies and diverging credit trends. Delinquency rates for auto loans, credit card debt, mortgages, and personal loans have all increased, while new account originations and utilization rates have declined. Despite this, banks remain unconcerned as they see consumers as a source of economic strength. The Federal Reserve aims for a 'soft landing' by bringing down inflation without a recession, and investors expect interest rate cuts this year. #CreditCardDebt #Delinquencies #ConsumerCredit #EconomicTrends...
#newstr #CreditCard #NetChargeoffs #Banks #InterestRates #ConsumerCredit #Delinquencies #FederalReserve
https://here.news/story/89505000?ver=0.26
US Consumer Credit Card Debt Surpasses $1 Trillion as Net Charge-Offs and Delinquencies Rise
===============
#89505000 ver:0.25
US consumer credit card debt surpasses $1 trillion as net charge-offs and delinquencies rise. Delinquency rates for auto loans, credit card debt, mortgages, and personal loans all increased, with the delinquency rate surpassing 1% for the first time since February 2020. The rise in delinquencies suggests potential economic stress, particularly for those in the Subprime credit tier. While balances remained high overall, they slightly decreased in February compared to January. Credit card delinquency rates reached their highest level on record in Q4 2023. Banks are encouraged by the slowing growth of delinquencies and expect the Federal Reserve to cut interest rates this year. #ConsumerCredit #Debt #Delinquencies #Economy...
#newstr #ConsumerCreditCardDebt #Delinquencies #NetChargeoffs #Visa #CreditTrends #EconomicStress #BorrowingActivity #CreditHealth #InterestRates #FederalReserve
https://here.news/story/89505000?ver=0.25
US Consumer Borrowing Rises Less Than Expected in March, Reflecting Slower Growth in Credit Card Debt
===============
#89505000 ver:0.22
US consumer borrowing rises less than expected in March, reflecting slower growth in credit card debt. Delinquencies are rising across all credit tiers and products, with concerns about rising credit card balances and delinquencies. Mortgage originations decline, and lower-income borrowers struggle with loan payments. The rise in subprime borrowers and high-interest rates exacerbate the situation. Total outstanding consumer borrowing increases, but at a slower rate than expected. Revolving credit, including credit card debt, edges up, while nonrevolving credit, consisting of auto and student debt, advances. #ConsumerCredit #Delinquencies #CreditCardDebt #EconomicHealth...
#newstr #UsEconomy #ConsumerBorrowing #CreditCardDebt #FederalReserve
https://here.news/story/89505000?ver=0.22
The Impact of Visa's Earnings and the Troubling State of Consumer Credit Card Debt in the US
===============
#89505000 ver:0.21
Visa's impressive earnings growth is overshadowed by troubling consumer credit card debt in the US. Americans' total credit card balance surpassed $1 trillion for the third consecutive quarter, while delinquencies and diverging credit trends continue to rise. The increase in revolving credit raises concerns about rising balances and delinquencies. Credit card delinquency rates reached a record high, and mortgage originations declined. Lower-income borrowers are struggling to keep up with payments, and lenders are tightening lending standards. The rise in subprime borrowers exacerbates the divide in credit scores and could restrict access to affordable credit. Pennsylvania tops the list of states with the highest credit card debt. #Visa #creditcarddebt #delinquencies #consumercredit #subprime #economy...
#newstr #Visa #CreditCardDebt #Delinquencies #ConsumerCredit #InterestRates #Inflation #Economy
https://here.news/story/89505000?ver=0.21
Visa's Strong Earnings and the Troubling State of Consumer Credit Card Debt in the US
===============
#89505000 ver:0.2
Visa reports strong earnings, but US consumer credit card debt is troubling. Total credit card balance surpasses $1 trillion for the third consecutive quarter. Delinquencies rise across all credit tiers and products, indicating potential economic stress. Consumer borrowing increases, but lower than forecasted. Diverging trends among credit tiers and products highlight the need for comprehensive understanding of credit health. Credit card delinquency rates reach record high, mortgage originations decline. Rising prices and high interest rates squeeze lower-income borrowers. Subprime borrowers increase, impacting access to affordable credit. Pennsylvania tops list of states with highest credit card debt. #Visa #creditcarddebt #delinquencies #consumercredit #economy...
#newstr #Visa #CreditCardDebt #ConsumerCredit #Delinquencies #CreditCardBalances #InterestRates #EconomicTrends #SubprimeBorrowers #UsStates
https://here.news/story/89505000?ver=0.2
Visa's Strong Earnings and the Troubling State of Consumer Credit Card Debt in the US
===============
#89505000 ver:0.19
Visa's strong earnings are overshadowed by the troubling state of consumer credit card debt in the US. Americans' total credit card balance surpassed $1 trillion for the third consecutive quarter, while delinquencies and diverging credit trends continue to rise. The increase in consumer borrowing raises concerns about rising credit card balances and delinquencies. The record-high credit card delinquency rates and decline in mortgage originations highlight the challenges faced by consumers and the potential impact on the economy. Lower-income borrowers are struggling to keep up with loan payments, signaling muted loan growth and potential restrictions on affordable credit. #Visa #creditcarddebt #delinquencies #consumercredit #economy...
#newstr #Visa #Earnings #ConsumerCreditCardDebt #UsEconomy
https://here.news/story/89505000?ver=0.19
Oddbean new post about login | logout
Notes by Visa's Strong Earnings and the Troubling State of ... | export