Visa's Strong Earnings and the Troubling State of Consumer Credit Card Debt in the US on Nostr: Consumer Credit Trends in the US and Nigeria: Rising Delinquencies and Growing ...
Consumer Credit Trends in the US and Nigeria: Rising Delinquencies and Growing Interest in Credit Schemes
===============
#89505000 ver:0.32
Visa reports strong Q2 results, but US consumer credit card debt surpasses $1 trillion for the third consecutive quarter. Delinquencies are rising across all credit tiers and products, with delinquency rates surpassing 1% for the first time since Feb 2020. Total outstanding credit in the US increases by $14.1 billion in Feb, with revolving credit accounting for the biggest increase in three months. Lower-income borrowers in the US are struggling to keep up with loan payments, while credit card delinquency rates reach record highs. Credit card issuers' performance weakens in Q1, with higher net charge-off and delinquency rates. US household debt increases by $184 billion in Q1, with rising delinquency rates in credit cards and auto loans. Credit card delinquencies in Nigeria continue to rise, highlighting the need for better credit data and infrastructure....
#newstr #ConsumerCreditScheme #Us #Nigeria #Delinquencies #Interest #CreditTrends
https://here.news/story/89505000?ver=0.32
===============
#89505000 ver:0.32
Visa reports strong Q2 results, but US consumer credit card debt surpasses $1 trillion for the third consecutive quarter. Delinquencies are rising across all credit tiers and products, with delinquency rates surpassing 1% for the first time since Feb 2020. Total outstanding credit in the US increases by $14.1 billion in Feb, with revolving credit accounting for the biggest increase in three months. Lower-income borrowers in the US are struggling to keep up with loan payments, while credit card delinquency rates reach record highs. Credit card issuers' performance weakens in Q1, with higher net charge-off and delinquency rates. US household debt increases by $184 billion in Q1, with rising delinquency rates in credit cards and auto loans. Credit card delinquencies in Nigeria continue to rise, highlighting the need for better credit data and infrastructure....
#newstr #ConsumerCreditScheme #Us #Nigeria #Delinquencies #Interest #CreditTrends
https://here.news/story/89505000?ver=0.32