Credit Card Delinquency Rates in the U.S.
Delinquency rates among American credit card holders are at an all-time high, with a record number of active accounts having a balance of over $2,000. The Federal Reserve Bank of Philadelphia report highlights stress among cardholders, with increasing late payments and decreasing credit scores.
Key Points
- Delinquency rates at an all-time high
- Record number of active accounts with over $2,000 balance
- Increasing late payments and decreasing credit scores