Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills. The share of credit card debt that’s more than 90 days overdue rose to 10.7% during the first quarter of 2024. That's according to the Federal Reserve Bank of New York. A year ago, just 8.2% of credit card debt was severely delinquent. If you’re experiencing delinquency, or at risk of it, experts advise speaking with a nonprofit credit counselor and negotiating with your creditors directly. Experts stress that most credit card companies and other lenders have hardship programs available.
Credit card delinquencies are rising. wcvb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wcvb.com Daily Mail and Mail on Sunday newspapers.
The Skanner News - What to do if You are at Risk of Credit Card Default theskanner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theskanner.com Daily Mail and Mail on Sunday newspapers.
Credit card delinquencies are rising timesleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesleader.com Daily Mail and Mail on Sunday newspapers.