In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however, as to what comes next. The slew of reports from the banks and the card companies have taken note of...
Access to a car is crucial for many Americans, especially those living in areas with limited public transportation options. However, the historically high prices of both new and used vehicles have made car ownership unattainable for many low-income workers. Interest rates for individuals with poor...
The recent surge in delinquency rates on auto loans in the United States has raised concerns about the financial challenges faced by car owners. With interest rate hikes and rising inflation, many Americans are finding it increasingly difficult to afford their monthly car payments, Bloomberg reported Saturday...
Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. The lender’s three-month average is 1.54 percent, with a net charge-off rate of 2.91 percent, an increase from 2.56 percent in June, reported Seeking Alpha. The three-month...
February 08, 2024
Buy the rumor, goes the old Wall Street saying, sell the news. And that may have been what happened with Affirm’s stock Thursday evening after the market closed, when investors sent the shares down 11% on the heels of a massive runup into earnings that saw shares close 10% higher in the official trading session. […]
October 27, 2023
In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however, as to what comes next....
October 22, 2023
The recent surge in delinquency rates on auto loans in the United States has raised concerns about the financial challenges faced by car owners. With interest rate hikes and rising inflation, many Americans are finding it increasingly difficult to afford their monthly car payments, Bloomberg reported Saturday (Oct. 21). The percentage of subprime auto borrowers at least […]
August 15, 2019
Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. The lender’s three-month average is 1.54 percent, with a net charge-off rate...
June 17, 2019
American Express said its May card delinquency rate was unchanged from April, according to reports. The rate held steady at 1.4 percent. Net write-offs, however, did move slightly in may,...
