NBC New York28d
A record number of consumers are making minimum credit cards payments as delinquencies also rise
The share of active credit card holders just making minimum payments rose to 10.75% in the third quarter of 2024, the highest ever in data going back to 2012. The share of balances more than 30 ...
Dayton Daily News25d
More credit card holders are only making minimum payments. Here’s why that’s bad.
The data series dates back to 2012. Some surveys have estimated that roughly one in six to four in 10 credit card holders only pay the minimum amount. The Federal Reserve’s estimates and surveys ...
International Business Times26d
More People Are Only Paying The Minimum Payment As Credit Card Balances Rise
Rising credit card balances and a record number of people making only minimum payments signal growing financial strain for consumers. In the third quarter of 2024, 10.75% of active credit card ...
AOL27d
Record number of consumers are making minimum credit cards payments as delinquencies rise
Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their ... The level rose to 10.75% for the period, part of a continuing trend ...