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News@lemmy.world · 11 months ago

A record number of consumers are making minimum credit cards payments as delinquencies also rise

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A record number of consumers are making minimum credit cards payments as delinquencies also rise

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News@lemmy.world · 11 months ago

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The share of active holders just making baseline payments on their cards jumped to a 12-year high, a Philadelphia Federal Reserve report said.

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BombOmOm@lemmy.world
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11 months ago
If you use a credit card, pay if off every month. 20%+ interest rates are no joke.
- SoftTeeth@lemmy.world
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  Clearly we do not have a system where that’s as easy as it sounds.

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