More and more Americans are failing to make payments on their credit cards and auto loans.
A report from Moody’s investors service this week indicates delinquencies of at least 30 days are past pre-COVID levels.
It shows new credit card payment lapses rose 0.7 percent between the first and second quarter. For recent auto delinquencies, the increase is 0.4 percent.
NTD spoke with Ted Rossman, senior industry analyst at Bankrate.com.
