re: Credit scores decrease for the first time in a decade; borrowers fall behind on payments

Paying people cash back on purchases was another inducement to go in debt. I use a card for that reason and pay it off every month. But some lack that discipline and others have good intentions but with inflation, have to carry high interest card charges and fall further behind. Others want to be like Congress and this joke of a President and deficit spend out the arse. Then declare bankruptcy. Live it up for a while and make others swallow your debt. Kind of like California.