Key credit card interest rate insights Highest average credit card interest rate in 2023: 20.74 percent (Dec. 27, 2023) Lowest average credit card interest rate in 2023: 19.59 percent (Jan. 4, 2023) Forecasted average credit card interest rate for the end of 2024: 19.90 percent...
TransUnion forecasted serious credit card delinquencies to rise to 2.6% at the end of 2023 from 2.1% at the close of 2022. Unsecured personal loan delinquency rates will increase to 4.3% from 4.1% in the same timeframe. Despite the forecasted growth in late credit card and personal loan paym...
Economists had expected a $9.7 billion increase, according to a Wall Street Journal forecast. The use of credit in the 12 months ended in June advanced by 1.9%, but that was down sharply from a 5.3% yearly rate in June 2023. Typically the use of credit only rises that slowly aro...
As a volatile market and price increases for basic goods remain concerns among many Americans, delinquency rates for credit card debt in the U.S. may spike in 2023. In fact, credit card delinquency rates may reach levels not seen since 2010, according to the 2023 Consumer Credit Forecast by...
Fitch Ratings-Sao Paulo/Rio de Janeiro-12 September 2023: The proposed cap on interest rates for revolving credit card operations in Brazil, known as “c
Credit card delinquency rates have been trending higher for new credit users, according to a TransUnion report. High inflation and a volatile interest rate environment may cause delinquency rates to increase in the U.S. in 2023. Here’s how to pay down h
Serious credit card delinquencies are expected to increase to 2.6% at the end of 2023, according to the2023 Consumer Credit Forecast by Transunion. That's up from 2.1% at the end of 2022. Delinquency rates could reach levels not seen since 2010. ...
The Credit Cards Market is expected to reach USD 14.31 trillion in 2024 and grow at a CAGR of 3.67% to reach USD 17.14 trillion by 2029. American Express, Banco Itaú, Bank of America Merrill Lynch, Bank of Brazil and Bank of East Asia are the major comp
Meanwhile, issuance for all other subsectors--such as esoteric, personal loan, and credit card--fell year-over-year. U.S. non-agency RMBS issuance was substantially lower than we expected in 2023, down over 40% year over year. Rising interest rates brough...
Farmers randomly draw a card from the black box containing four red cards and two black cards; the black card represents bad weather, while the red card represents good weather. According to the local meteorological information, we can know that the incidence of disaster weather is one-third. ...