US Consumers Tap Out: Credit Card Defaults Surge To 4 Year High And It's Getting Worse
April 27, 2017 at 04:56 AM EDT
According to the latest data from the S&P/Experian Bankcard Default Index, as of March 2017, the default rate on US credit cards had jumped to 3.31%, an increase of 13% from a year ago, and the highest default rate since June 2013.
