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Credit Card Delinquencies Slow, According to American Banker

Published on June 14, 2024

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.

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