US Credit Card Defaults Surge
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high consumer debtNew York Post
•The dam is about to break as US credit card loan defaults soar, experts warn
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 .
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89
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90
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57
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