Card delinquencies hold roughly steady, net charge-offs drift up: August Credit Pulse
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U.S. credit card delinquencies, or accounts where borrowers have missed payments, barely budged in August, while net charge-offs, the loans banks have to write off as uncollectible, drifted higher. Both metrics held above their pre-pandemic levels.
The average delinquency rate
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Card delinquencies hold roughly steady, net charge-offs drift up: August Credit Pulse
