90 day credit card delinquency rate reaches 14%
- Thread starter PabloNole
- Start date
I'm not sure that of itself this statistic means a lot. For sure there are people using credit cards as the means to buy basics. But, there are also people using credit cards to buy iPhones, new clothes, Luis Vuiton bags etc.
Those who don't pay off their cards monthly are crazy, IMO.
This is not a good statistic and when combined with delinquent car payments, mortgages is not positive for the longer term economy
Sure, there is probably some of that. I’d couple the rise in delinquency rates with this and say we have major systemic issues in the economy and it doesn’t appear it will get better anytime soon.
www.foxnews.com
These three red states led the nation in home foreclosures in Q1 2026 | Fox News
Indiana saw the most home foreclosures so far this year, recording one filing for every 739 housing units as rising costs pressure homeowners across the country.
www.foxnews.com
We're also seeing a high level of mortgage refis to pay off this credit card debt. People are falling behind in this economy.
I hear you. And for sure things don't seem like the golden age of America to me. But, it really seems as if we are in the "ying and yang" of economies...people are spending (although using credit cards), companies earnings are great, employment is holding steady, and stock market is going very well. Of course on the other side, inflation is up, the bond markets don't seem to like what's going on...Sure, there is probably some of that. I’d couple the rise in delinquency rates with this and say we have major systemic issues in the economy and it doesn’t appear it will get better anytime soon.
These three red states led the nation in home foreclosures in Q1 2026 | Fox News
Indiana saw the most home foreclosures so far this year, recording one filing for every 739 housing units as rising costs pressure homeowners across the country.
I've been through economies like this before, seemingly many times. For some reason, things are never as bad as they seem, not as good. People just need to be smart about how they spend their money.
Well, Kevin Hassett did excitedly say credit card spending is through the roof, and what a good sign that was.
You can't afford her. Maybe after you pick up that third job and after paying off your credit card, then you can save up some money for her. Sucks to be poor, i know.
A lot of people aren't very smart.
I actually agree with Trump and Warren who both want to limit interest rates charged on credit cards. Opponents say that the banks won't issue cards to less creditworthy people if they can't charge a premium interest rate. I think that's a good thing. Why do people think they can't afford $100 today but they'll be able to afford $125 a year from today?
FWIW I also think payday loans should be outlawed.
People shouldn't be buying basics with a credit card that they can't pay in full. I know it sounds insensitive but buy fewer "basics" until you can afford them.
What economy are you talking about?
Q4 2004 delinquency rate 3.08%
Q1 2026 delinquency rate 2.92%
Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) | FRED | St. Louis Fed
Thanks for confirming she is for sale.
And obviously that isn’t the case
The average credit card interest rate is around 24% nowadays and it isn't uncommon for ones to be around 30%. People going delinquent on those will likely not be able to recover.
Sounds great in theory until revenue drops, employers find “efficiencies,” and it impacts more than the people that can’t afford what they previously could.
Oh, chia. Indiana, SC, and Florida are the top three states in delinquents.Sure, there is probably some of that. I’d couple the rise in delinquency rates with this and say we have major systemic issues in the economy and it doesn’t appear it will get better anytime soon.
These three red states led the nation in home foreclosures in Q1 2026 | Fox News
Indiana saw the most home foreclosures so far this year, recording one filing for every 739 housing units as rising costs pressure homeowners across the country.
First of all I said fewer basics, not no basics. More chicken and less steak? One less streaming service or cell phone upgrade? Maybe drive a 5 year old used car instead of leasing a "nicer" vehicle? Cooking at home instead of going out or using Door Dash?
But sure, I'm a horrible American to suggest such things. Your plan of continuing to spend money you don't have by putting it on a credit card with 23% interest is a much better approach.
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People are already doing this. You're not horrible, but you sure sound out of touch.
This seems similar to the "people could afford to buy houses and have children if they didn't go to Starbucks or eat avocado toast." It demonstrates a severe lack of awareness of the dire financial conditions faced by tens of millions of people in this country, and it strikes me as an avoidance/denial-based defense mechanism.
I certainly afforded her last night. The line at her house is long and distinguished, like my Johnson.
Apparently someone doesn’t understand that 90 days = 3 months behind.
Somehow you have figured that another person puts “ more expensive stuff” on the credit card intentionally in order to drive up interest charges. sure, Jane.
LOL.. You know he didn't say that, but are clearly desperate to confirm your bias.