Credit Card Delinquency Rates Are At Highest Level Since 2012
Credit Card Delinquency Rates Are At Highest Level Since 2012
www.forbes.com
This Week In Credit Card News: Delinquency Rates Are At Highest Level Since 2012
11 comments
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Some crazy part of me wonders what would happen if 50%-75%+ of people just straight up refused to pay.
And, not for like...one month. But 6-12 months. It would have to have a meaningful, negative impact to banks? Right?
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Paraphrasing a common saying... If 100 people can't pay the bank back, the 100 people have a problem; if 100 million people can't pay the bank back, the bank has a problem.
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Debt strike!
Debt strike!
Debt strike!
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im pretty sure their card would get canceled and then debt collections would start.
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11 comments