U.S. Credit Card Delinquencies Continue at Record Highs

Research Recap submits: U.S. consumers continue to fall behind and default on their credit cards at record rates and excess spread has contracted to levels not seen in more than 10 years, according to the latest Credit Card Indexe s from Fitch Ratings. The results show Fitch’s three-month excess spread index falling below the 5% threshold for the first time since November 1998. Complete Story »

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