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‘A tale of two consumers’: Beneath reports of robust spending, subprime consumers are showing strains

Por: MarketWatch Business October 28, 2023

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Rowe was referencing one recent sign of trouble: The share of Americans with lower credit scores who were at least 60 days late on their car payments recently rose to 6.1%, the highest level ever recorded by Fitch Ratings, which has been measuring the figure since 1994. “Delinquencies are climbing in subprime,” Rowe said. Credit scores, which are used to measure how likely a person is to repay a loan, generally range 300 to 850.... + full article



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