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New data shows overdue credit card bills at their highest rate since 2011
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WBAL Baltimore News
It’s the second straight quarter that credit card delinquency rates have remained at about 13%.
Credit card delinquency reached its highest level in early 2010 at nearly 14%.
Credit card delinquency rates are similar to levels seen in early 2011.
Despite having the highest rate of credit card balances with a missed payment of 90 or more days, 18- to 29-year-olds make up the lowest total of credit card debt at $80.8 billion.
The Federal Reserve Bank of New York revised its March credit card balance estimate from $1.25 trillion to $1.24 trillion.