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New York Post

New York Post

The dam is about to break as US credit card loan defaults soar, experts warn

New York Post
Summary
Nutrition label

84% Informative

The dam is about to break as US credit card loan defaults soar, experts warn.

During the first nine months of 2024 , lenders wrote off more than $46 billion in seriously delinquent credit card loans.

That’s an increase of 50% from the first three quarters of 2023 , and the highest since 2010 .

VR Score

89

Informative language

90

Neutral language

57

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links