News for hackers. Stuff that matters.

A comment on U.S. credit card debt jumps 18.5% and hits a record $930.6B. Parent comment

Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by MuffinFlavored on Friday February 03, 2023 @01:43PM (#34645923)
> What would happen is there would be no credit cards for anyone. Nobody is going to lend money to the general public at 5% for unsecured debt.

What is the rate of (sorry, I don't know the correct term) how often current credit card companies get "shafted"?

aka somebody runs up a $10,000 balance or whatever and then doesn't pay it

[ Parent | on HN ]
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by CallMeJim on Friday February 03, 2023 @02:35PM (#34646652)
Is 'rate of default' the term you are looking for?
[ Parent | on HN ]
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by quickthrowman on Friday February 03, 2023 @01:59PM (#34646171)
Here is the data for credit card delinquencies from the Fed: https://fred.stlouisfed.org/series/DRCCLACBS
[ Parent | on HN ]