SERIOUS DELINQUENCY
UPDATE pic.twitter.com/VKDtgWWetI— Win Smart, CFA (@WinfieldSmart) August 10, 2023
Delinquency rates on credit card loans from small lenders are now at an all time high of 7.1%.
That's above the 6.0% peak in 2008 and up sharply from 3.8% in 2020. pic.twitter.com/4WHnGUOF6w
— The Kobeissi Letter (@KobeissiLetter) August 2, 2023
And now the real story…
HEADLINE:
Credit Card Balances Reach $1 trillionREAL STORY
Credit Card Delinquency RateDelinquency rate is the number to watch. Below is the historical rate
Thoughts? pic.twitter.com/KD0nnntm6p
— Tom | The Investing Tiger (@SavingsCaptain) August 10, 2023