According to VantageScore data, 1.35% of credit card balances were 30 days delinquent in April, marking improvement in the sector. Banks’ credit card charge-offs stood at 4.4% at the end of Q1 2024. Subprime borrowers could struggle with delinquencies in the face of continued inflationary pressure and higher interest rates.
Credit Card Delinquencies Slow, According to American Banker
Published on June 14, 2024
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