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Subprime Credit Card Delinquencies Spike To Record High, Surpass Financial-Crisis Peak

Subprime Credit Card Delinquencies Spike To Record High, Surpass Financial-Crisis Peak

Feb 25, 2020 | Debt, Economy

The rate of credit card balances that are 30 days or more delinquent at the 4,500 or so commercial banks that are smaller than the top 100 banks spiked to 7.05% in the fourth quarter, the highest delinquency rate in the data going back to the 1980s (red line). But at...

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Critical Report • Free Download

The U.S. Dollar has been King for over 80 years. That officially ends this decade! China's reinvention of money, 'Digital Yuan', has given them the first mover advantage. Every Government has to adjust or be left behind.

Find out why in this special report!

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