Loading ...Credit Card Defaults Surge Most Since Financial Crisis
In late April, after some disturbing monthly charge-off reports from major credit card vendors, we reported that according to the latest data from the S&P/Experian Bankcard Default Index, as of March 2017, the default rate on US credit cards had jumped to 3.31%, an increase of 13% from a year ago, and the highest default rate since June 2013.
http://www.zerohedge.com/news/2017-06-09/credit-card-defaults-surge-most-financial-crisis