More Americans are maxing out their credit cards and falling behind on payments
May 15, 2024 at 06:50 AM EDT
A report from the Federal Reserve Bank of New York released Tuesday reveals that the portion of national credit card debt held by borrowers who have maxed out their cards is nearing pre-COVID 19 levels. And what’s more, those maxed-out borrowers are going into delinquency at a much higher rate than … Source