Credit Card delinquencies are on rise again

This Week In Credit Card News: Cardholders Stressed With Rising Balances And Delinquencies
A Record Number of Consumers Are Making Minimum Credit Card Payments as Delinquencies Also Rise
A record number of consumers are making minimum credit cards payments as delinquencies also rise
Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their bills, according to a Philadelphia Federal Reserve report.
Consumer Stress Soars As Minimum Credit Card Payments Hit 12-Year High
Consumer stress escalates as the share of credit card holders making only minimum payments hit a 12-year high in the third quarter of 2024. The share of credit card holders making minimum payments rose over 10%,
This Week In Credit Card News: Medical Credit Cards Are Being Pushed On Patients
Medical credit cards are increasingly pushed on patients across America as the costs of health, dental, and veterinary procedures rise. CareCredit had 12 million cardholders and 270,000 participating providers in 2024,
Credit Card delinquencies are on the rise again
TheStreet’s Conway Mittens brings you the biggest news of the day, including what investors are watching and why credit card holders continue to pile up debt.
More People Are Only Paying The Minimum Payment As Credit Card Balances Rise
Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.
Rising Credit Card Strain: Delinquencies and Minimum Payments Hit New Highs in 2024
One of the most striking trends from the third-quarter data is the rise in the share of active credit card holders making only minimum payments. This figure has surged to 10.75%, the highest level recorded since tracking began in 2012.
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Americans have dug themselves into a credit card hole
Americans are deep in credit card debt, with card balances hitting a record $1.17 trillion in the third quarter of 2024.