Credit Card Defaults Soar To 14-Year High

This Week In Credit Card News: Defaults At Highest Level In 14 Years
Fed Rate Cuts Won’t End the Sting of High Interest Rates for Subprime Cardholders
What to know about the increase in credit card defaults and how it could affect consumers
New data shows rising default rates on credit card loans. Card lenders wrote off $46 billion in debt in the first nine months of the year, the highest since 2010. CBS News MoneyWatch correspondent Kelly O'Grady explains the alarming data.
Credit Card Defaults Skyrocket as Americans Unable To Pay Their Debts
Credit card balances have soared in recent years, with the total amount U.S. consumers owed topping $1 trillion for the first time in 2023.
U.S. Credit Card Defaults Hit Post-Great Recession High
Many economists and others have felt relief over continued GDP growth. But data like this suggest that the foundation of the economy is cracking.
Why are credit card defaults surging?
Many Americans are starting 2025 carrying unmanageable credit card debt. The credit card default rate has hit its highest level since 2010, as lenders wrot
US credit card defaults soar to highest level in 14 years
Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping."
Credit Card Defaults Soar To 14-Year High As Bidenomics Continues To Crush Americans
Americans defaulted on their credit card loans at levels not seen since 2010, the Financial Times reported Monday. Credit card
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