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re: Credit scores decrease for the first time in a decade; borrowers fall behind on payments
Posted on 3/6/24 at 12:26 pm to WPBTiger
Posted on 3/6/24 at 12:26 pm to WPBTiger
Seems like credit card debt is at an all time high, car payments & mortages at all time highs yet nothing has broken yet.
When will it all come crashing down? Just seems like everyone is going further and further into debt to live but everything is still moving forward.
When will it all come crashing down? Just seems like everyone is going further and further into debt to live but everything is still moving forward.
Posted on 3/6/24 at 12:29 pm to JohnnyKilroy
See anything interesting about this picture? Biden took office January 2021.
Posted on 3/6/24 at 12:31 pm to The Pirate King
Your graph shows we had a then record level of CC debt in 2019.
Was the economy shite back then or not?
Was the economy shite back then or not?
Posted on 3/6/24 at 12:32 pm to The Pirate King
Inflation and debt are lagging indicators.
Posted on 3/6/24 at 12:35 pm to fareplay
CC debt is also below Q4 2019 in real terms.
It's weird as hell that some posters bitch about inflation constantly, but then ignore it when it comes to things like this.
It's weird as hell that some posters bitch about inflation constantly, but then ignore it when it comes to things like this.
Posted on 3/6/24 at 12:38 pm to WPBTiger
finally crossed into the 800s after being stuck at 780 for a few years (not that it really helps me in any way)
Posted on 3/6/24 at 12:38 pm to slacker130
quote:
this the thread where I brag about my 831 score?
Soccer board with the other gahays
Posted on 3/6/24 at 12:45 pm to JohnnyKilroy
Rather worry about dem or Republican politics while paying $20 for five guys
Posted on 3/6/24 at 12:48 pm to WPBTiger
Biden about to pass a law giving everyone a free 100 point bump.
Posted on 3/6/24 at 12:50 pm to Pedro
quote:
Biden about to pass a law giving everyone a free 100 point bump.
Only if you fit into one of the key "special groups".
Posted on 3/6/24 at 12:51 pm to JohnnyKilroy
quote:
Your graph shows we had a then record level of CC debt in 2019.
Was the economy shite back then or not?
The economy was great back then. CC debt was high but the economy was kicking so people were able to make their CC payments. How is that working out for everyone under turnips economy? Ill hang up and listen.
Posted on 3/6/24 at 12:51 pm to JohnnyKilroy
quote:
CC debt is also below Q4 2019 in real terms. It's weird as hell that some posters bitch about inflation constantly, but then ignore it when it comes to things like this.
Yeah but wages haven’t changed much. People are in more debt.
Posted on 3/6/24 at 12:52 pm to WPBTiger
well late fees are supposedly so out of control that the feds need to step in and cut them.
So no surprise people are falling behind.
Great economy we live in...
So no surprise people are falling behind.
Great economy we live in...
Posted on 3/6/24 at 12:54 pm to OysterPoBoy
quote:
You’re not Stout.
I had the same reaction lol
Posted on 3/6/24 at 12:55 pm to Jcorye1
quote:You know you could have just called your credit card company and gotten that late payment removed, right? I've missed one payment in my life because I changed banks and forgot to switch to the new bank for autopay. Called the credit company and they removed my late payment and reset the counter back to zero.
I had over 800 until I missed one twenty dollar credit card billing cycle during a move and changing of banks, tanked it to 735 for basically two years.
Posted on 3/6/24 at 12:57 pm to The Baker
quote:
Yeah but wages haven’t changed much. People are in more debt.
Wages have outpaced inflation the past 18+ months
Posted on 3/6/24 at 12:59 pm to JohnnyKilroy
quote:
Yeah but wages haven’t changed much. People are in more debt.
Wages have outpaced inflation the past 18+ months
Set the pipe down Johnny....people are laughing at you.
Posted on 3/6/24 at 1:03 pm to PP7 for heisman
quote:
You know you could have just called your credit card company and gotten that late payment removed, right? I've missed one payment in my life because I changed banks and forgot to switch to the new bank for autopay. Called the credit company and they removed my late payment and reset the counter back to zero.
I did, and it was too late. It was with my credit union that I liked, but them not helping me out irked me after 13 years of banking, I moved all my money out the next day.
Posted on 3/6/24 at 1:04 pm to Warboo
quote:
The economy was great back then
Then why did CC debt go up by about 30% to a new record high.
If the economy was great, shouldn’t that be going down?
Posted on 3/6/24 at 1:14 pm to WHS
quote:
I have an 840 credit score and my wife has a 838.
I'm happy to give your wife the remaining 12.
Inches.
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