Most generations increased their average FICO Score by a single point in 2024, although Generation X, currently carrying more ...

Synchrony Financial experienced lower loan growth in preparation for a rule limiting late fees. Nevertheless, core 2025 EPS ...

SoFi captures refinancing demand with strong member growth. Find out why SOFI stock is still attractively valued despite a ...

Lenders and financial intermediaries are much more confident about the prospect for business growth in 2025 than they were ...

How will the changing political landscape affect the credit card industry and, thus, consumers? We’ll find out soon enough. Many or all of the products on this page are from partners who ...

Recent developments also highlight the renewal of Synchrony's partnership with Sam's Club for their credit card program ... better-than-expected delinquency rates and net charge-offs slightly ...

Last year was dominated by a dramatic presidential election and an economy that, while strong on paper, didn’t feel that way for many Americans. Here’s what we saw in 2024 when it came to ...

Its credit card delinquency ... 4.61% a year ago. However, the rate remained above the 3.93% level in December 2019. Its net charge-off rate of 6.28% rose from 6.08% in November and 5.78% in ...

After years of high inflation and rising interest rates ... into delinquency. The Federal Reserve Bank of New York found that in the third quarter of 2024, about 1 in 14 credit card accounts ...

But either way, falling behind on credit card bills can be costly, financially damaging and emotionally draining. “You are starting to see signs of increased distress with delinquency rates ...

Last year was dominated by a dramatic ... According to TransUnion’s 2025 Consumer Credit Forecast, credit card balances and delinquency rates will still increase, but at lower rates than we ...

More credit card balances are shifting into late payment status, with the delinquency ... level in 13 years. The charge-off rate on credit card loans is expected to peak around 5% by the middle ...