For the longest time, credit card delinquencies and charge offs have held steady.
Credit cards continue to be the easiest way to access debt for the consumer. And most consumers paid down their credit card bills from the funds received during the pandemic.
We are now faced with a situation where consumers have to use their credit card because savings are drying up but, unfortunately the interest burden is much higher.
Want to read more?
Subscribe to www.traderade.com to keep reading this exclusive post.
Subscribe Now