Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data […]
The post US Lenders Lose $46,000,000,000 As Customers at...
source: https://dailyhodl.com/2025/01/04/us-lenders-lose-46000000000-as-customers-at-capital-one-citi-jpmorgan-chase-synchrony-discover-citi-and-bank-of-america-face-billions-in-delinquencies/