Delinquencies and Minimum Payments Hit New Highs in 2024

Americans Are Carrying Bigger Credit-Card Balances
Americans are spending more on credit cards and carrying bigger balances month to month, with interest rates hovering near record highs.
A record number of consumers are making minimum credit cards payments as delinquencies also rise
Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their bills, according to a Philadelphia Federal Reserve report.
Consumer Stress Soars As Minimum Credit Card Payments Hit 12-Year High
Consumer stress escalates as the share of credit card holders making only minimum payments hit a 12-year high in the third quarter of 2024. The share of credit card holders making minimum payments rose over 10%,
More People Are Making Just the Minimum Credit-Card Payment, Says Capital One
More customers are making just the minimum payment on credit-card balances instead of the full amount each month, said Capital One Chief Executive Richard Fairbanks, during the lender's earnings call.
More People Are Only Paying The Minimum Payment As Credit Card Balances Rise
Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.
Rising Credit Card Strain: Delinquencies and Minimum Payments Hit New Highs in 2024
One of the most striking trends from the third-quarter data is the rise in the share of active credit card holders making only minimum payments. This figure has surged to 10.75%, the highest level recorded since tracking began in 2012.
Capital One Q4 Earnings: Encouraging Credit Trends Justify The Stock Rally
Capital One Financial shares gained 57% over past year, driven by strong Q4 results and hopes for easier regulatory approval.
Capital One Profit Climbs 55% as Margins Expand, Card Loans Grow
Capital One Financial Corp. posted a higher fourth-quarter profit as net interest margins widened and credit-card loans ...
Thousands of Capital One Customers Are Locked Out of Accounts for Days
The company said a technical issue with a third-party vendor was to blame for a disruption with deposits and payment ...
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Capital One, seeing a healthy consumer, leans into credit cards
CEO Richard Fairbank told analysts executives have their "microscopes" out for any signs of trouble, but consumers remain "in ...
Capital One's technical woes worsen, with more bank accounts hit with deposit delays
"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.
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Capital One outage spans days, hits thousands
Third-party vendor FIS blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected ...
Capital One’s fourth-quarter profit jumps on interest income boost
Jan 21 (Reuters) - Capital One Financial reported a 60% rise in fourth-quarter profit on Tuesday, as a higher income from ...
Capital One: Q4 Income Up, Revenue Down
Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. bps = Basis points. Capital One's ...