Credit card debt hits record $1.25 trillion with delinquencies at an alarming 15

Americans owe a record $1.25 trillion on credit cards, up 5.9% from a year ago.
13.12% of credit card balances are at least 90 days delinquent, the highest since the 2008 financial crisis.
Average credit card interest rates have reached 21%, up from … [5783 chars]