“Americans’ Credit Card Debt Poised to Reach 10-Year High”
December 13, 2019
“Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic.
The share of credit card borrowers who are at least 90 days past due on their accounts will probably tick up to 2.01% next year, the highest level since 2010, according to a forecast by TransUnion. Still, the credit-rating company said the increase isn’t a cause for concern, noting that bad card debt still remains much lower than the level seen during the last recession…”
https://finance.yahoo.com/news/americans-souring-credit-card-debt-110000412.html
Do yourself a favor. Don’t create debt if you don’t have to. Playing with debt is like playing with fire. You better know what your doing.