Consumers in August loaded up on revolving debt, a category that includes credit cards, as they reversed a slowdown, and in some cases, paydowns, on...
What if the biggest risk to your credit portfolio isn’t economic, but psychological? “Consumer Credit Economy: Strategy vs. Spontaneity—Navigating the Great Credit Divide,” a new...
Credit card delinquencies among American consumers reportedly crept up slightly last month. The average delinquency rate, which measures late payments, rose to 2.66% in July...
U.S. credit card delinquencies and charge-offs are now higher than they were before COVID. That’s according to findings published Saturday (July 26) by Seeking Alpha,...
Earnings season has just begun, and financial firms have been weighing in on the state of consumer spending and whether consumers are meeting their debt...
Watch more: Concora Credit’s CEO Looks to Expand Non-Prime Credit Access Through Partnerships While prime and super-prime consumers navigate a plethora of choices often driven...
High-income Americans are drowning in debt despite six-figure salaries. LendingClub’s CEO Scott Sanborn believes the solution isn’t more credit — it’s rewarding people for using...
Citigroup is reportedly preparing for a possible decline in consumer financial health by putting aside more provisions for potential losses on loans. “Given the macro environment,...