Consumer Debt news and trends

Consumers Took on More Debt in March, Reversing Previous Paydowns
Consumer Finance // May 07, 2025

It looks like the paydowns on debt, for most U.S. households, were just a temporary lull. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

High-Income Consumers 64% More Inclined to Seek Mortgages
Consumer Finance // April 16, 2025

Contrary to conventional wisdom, a recent PYMNTS report, “Interest in Mortgages Rises Among Younger, High-Income Individuals,” uncovers that income level is a significantly stronger predictor than age in determining whether consumers currently hold a mortgage or are interested in obtaining one. Get the Full Story Complete...

Credit Card Defaults Surge to 14-Year High
Credit Cards // December 30, 2024

Credit card defaults are at their highest level since 2010 as consumers feel increasingly stretched. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

FTC Begins Sending Refunds to Victims of Debt Collection Scheme
Legal // December 10, 2024

The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Interviews & Exclusives
High-Income Consumers 64% More Inclined to Seek Mortgages

April 16, 2025
Contrary to conventional wisdom, a recent PYMNTS report, “Interest in Mortgages Rises Among Younger, High-Income Individuals,” uncovers that income level is a significantly stronger predictor than age in determining whether consumers currently hold a mortgage or are interested in obtaining one. Get the Full Story Complete the form to unlock this article and enjoy unlimited free […]

Bank SEC Filings Show Higher Delinquencies, Charge-Offs as Consumers Load Up on Card Debt

September 17, 2024
U.S. consumers are taking on more card debt than has been seen in years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Fed Data Shows 9.1% of Credit Card Balances Hit Delinquency Status This Year

August 06, 2024
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans...

Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise

February 06, 2024
The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. Get the Full Story Complete the form to unlock this article...

Quick Reads
Credit Card Defaults Surge to 14-Year High

December 30, 2024
Credit card defaults are at their highest level since 2010 as consumers feel increasingly stretched. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive […]

FTC Begins Sending Refunds to Victims of Debt Collection Scheme

December 10, 2024
The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. Get the Full Story Complete the form to unlock this article and...

LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech

October 09, 2024
LendingClub and AI lending network Pagaya have acquired Tally Technologies’ intellectual property. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Connecticut Will Cancel $650 Million in Medical Debt

February 04, 2024
Connecticut reportedly plans to cancel $650 million in medical debt for its residents. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...