Credit reporting agency forecasts delinquency rates not seen in over a decade
Consumer credit reporting agency TransUnion anticipates delinquency rates for credit cards and personal loans will jump next year to highs not seen in more than a decade due to shifts in consumer behavior following months of surging interest rates and persistently high inflation.
The company’s 2023 Consumer Credit Forecast released Wednesday projects serious credit card delinquencies will climb to 2.6% over the next 12 months, up from 2.10% this year, and unsecured personal loan delinquency rates are expected to reach 4.3%, up from 4.10%. TransUnion said delinquency rates for those categories have not reached that level since 2010.
No shht sherlock !!! Thank BIDEN for Ruining America in 2 years !!!!!
Just getting started baby !!!!!!!!!!!! Biden has Ruined Americans for a LOOOOONG Time to come !!!! FACT
ALL on BIDEN !!!!
Bankruptys ON the Way baby !!!!!
Biden is trying to make it so you can’t go Bankrupt , so you are Ruined for Life !!!! Unlike Businesses