What to know about the increase in credit card defaults and how it could affect consumers


What to know about the increase in credit card defaults and how it could affect consumers – CBS News


Watch CBS News



New data shows rising default rates on credit card loans. Card lenders wrote off $46 billion in debt in the first nine months of the year, the highest since 2010. CBS News MoneyWatch correspondent Kelly O’Grady explains the alarming data.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Source link

This page contains affiliate links. If you purchase through these links, I may earn a commission at no additional cost to you.