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News • 1 month ago

Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

cross-posted to:
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Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

@return2ozma to

News • 1 month ago

cross-posted to:
[email protected]

Banks are bracing for consumers to stop paying off their credit cards

Provisions for credit losses rose at JPMorgan, Citi, Wells Fargo, and Bank of America last quarter

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@return2ozmaOP
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1•1 month ago
These are usually $200-$500 cash advances. They’d lose money suing for these amounts.

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