Record levels of late car payments is putting pressure on subprime auto lenders. That’s according to a Friday (Nov. 14) report by Bloomberg News, which said this is happening in the wake of the recent collapses of Tricolor Holdings and PrimaLend Capital Partners. The number...
New TransUnion data shows almost 30% of student loan borrowers behind on their payments. Millions of these delinquent borrowers are now preparing for involuntary collections from the U.S. Department of Education in the form of wage garnishment or the withholding of tax refunds or Social...
Late-stage delinquency rates increased across all credit scores in July, compared to a year earlier, with the greatest percentage increases seen among the highest credit tiers, according to VantageScore. The credit scoring company said in a Monday (Aug. 25) press release that the rate among...
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, which noted that this resurgence for both metrics in June follows a decline in May. According to the report, the...
December 17, 2024
Securities and Exchange Commission (SEC) filings from several card issuers offer up a mixed portrait of the U.S. consumer in November. Delinquency rates were lumpy, though down a bit from October. Charge-off rates were higher, and overall, the data confirm PYMNTS Intelligence’s own findings from this past fall that indicate some struggling with the debt […]
October 26, 2022
Every earnings season tells a tale. So far the storyline is that consumers remain buoyant, are still willing to open their wallets and wield credit cards to get what they...
December 14, 2025
More than 9 million student loan borrowers have missed at least one payment this year. That’s according to a report Saturday (Dec. 13) from the Financial Times (FT), which notes that delinquencies in the $1.7 trillion student loan market are soaring following the end of the government’s amnesty on loan payments following the COVID pandemic. […]
November 16, 2025
Record levels of late car payments is putting pressure on subprime auto lenders. That’s according to a Friday (Nov. 14) report by Bloomberg News, which said this is happening in...
September 25, 2025
New TransUnion data shows almost 30% of student loan borrowers behind on their payments. Millions of these delinquent borrowers are now preparing for involuntary collections from the U.S. Department of...
August 25, 2025
Late-stage delinquency rates increased across all credit scores in July, compared to a year earlier, with the greatest percentage increases seen among the highest credit tiers, according to VantageScore. The...