News@lemmy.world · 6 months ago

Credit card delinquencies surge, almost 1 in 5 users maxed-out: Research

www.thehill.com

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Credit card delinquencies surge, almost 1 in 5 users maxed-out: Research

www.thehill.com

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News@lemmy.world · 6 months ago

Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers are “maxed-out.” According the new report, issued by the bank’s Center for…

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6 months ago
I mean, filing for bankruptcy might be less painful than hoping someday you can outrun the interest on these credit cards.

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