Add in the buy now pay later loans at checkout, the subprime auto loans, the payday loans. The loan sharks never had it so good.
Another new all-time high for consumer credit card interest rates pic.twitter.com/BWeavhTbEO
— Liz Ann Sonders (@LizAnnSonders) January 10, 2024
Yeah. Moreover, serious delinquencies have been rapidly rising. In some age categories, they have reached levels not seen since the Great Financial Crisis.
As a reminder, a loan becomes delinquent when a person does not pay by the specified due datehttps://t.co/AMAfLzE4bT
— Global Markets Investor (@GlobalMktObserv) January 10, 2024
AC