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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 12:51 pm to JohnnyKilroy
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.
1
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?
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