01/17/2025
From the article: “We’ve seen notably elevated flows into delinquency, particularly for credit cards as well as auto loans during the past few years,” one researcher said. “This is something that we have been pointing to as a reason for concern — something to keep an eye on.”
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During the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to a report.