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Credit card borrowers are starting to show greater strength, new data indicates

Late payments, which have been on a steady rise since 2021, are now climbing at a slower rate or even declining at some major card issuers. Risks remain, but there's 'reason to be cautiously optimistic," one analyst said.

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Nearly 50 million Americans are now 'subprime borrowers'

More than one million more Americans are now considered subprime borrowers compared to a year ago - as higher living costs have eroded credit scores.

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