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Credit card delinquency rates climb to decade high in Fed study

Por: Portland Press Herald World January 13, 2024

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Credit-card delinquency rates have exceeded pre-pandemic levels, while the share of borrowers making only the minimum payment climbed above 10% for the first time since 2019, according to a Federal Reserve Bank of Philadelphia report. Almost 3.2% of card balances were at least 30 days past due as of the end of September, the Philadelphia Fed said. That’s the highest figure in more than a decade, and up by over 40 basis points from the previous... + full article



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