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US Household Debt Hits All-Time High

PYMNTS

trillion, according to a CNBC report that cited the New York Federal Reserve. However, credit card balances have dropped compared to before the coronavirus pandemic. That decrease in credit card balances comes even as the credit limits have been increased by $34 billion, leaving $3 trillion available in credit card lines.

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Report: Credit Card APRs At Highest Rates In Five Years

PYMNTS

credit card balances are approaching the $1 trillion figure, according to the Federal Reserve. And credit card balances are on the rise as well. Credit card balances rose 3.4 At the same time, increasingly more nonprime consumers are getting access to card credit, usually at lower credit limits.

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Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022)

FICO

During the pandemic, systemic financial assistance programs such as federal stimulus payments and the availability of lender-provided payment accommodations undoubtedly prevented and helped manage the dramatic increases in delinquencies and losses we witnessed in 2008-9.

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 3

FICO

Undoubtedly, systemic financial assistance programs such as federal stimulus payments and the availability of lender-provided payment accommodations have prevented the dramatic increases in delinquencies and losses we witnessed in 2008-9.

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