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re: US consumers with prime credit are starting to slip on payments
Posted on 8/26/25 at 2:03 pm to Oilfieldbiology
Posted on 8/26/25 at 2:03 pm to Oilfieldbiology
quote:
Club super prime checking in.
Same here, 816, zero debt of any kind to speak of
This post was edited on 8/26/25 at 2:05 pm
Posted on 8/26/25 at 2:16 pm to upgrayedd
quote:
Prime customers have credit scores between 661-780
Is this really a shock?
That 661 is prime? Yes.
Posted on 8/26/25 at 2:18 pm to ragincajun03
Cant they just put in a few extra shifts?
Posted on 8/26/25 at 2:21 pm to Chucktown_Badger
Slacker...850 checking in
Posted on 8/26/25 at 2:24 pm to ragincajun03
quote:
Harris probably won every state outright except for Louisiana and Mississippi counting legit votes. But Republicans stuffed the hell out of the ballots and cheated to get Trump back into the White House.
And even with all of that, we still couldnt get Trump to that 81 million vote mark that Biden had during a time in which the entire country was locked down.
Posted on 8/26/25 at 2:31 pm to N2cars
quote:
46% carry a balance.
The average interest rate for carrying is somewhere just over 24%. Those consumers which continue to generate more debt become more and more likely to become delinquent.
Credit card delinquency rates are still low (and have been trending downward), but the sheer amount of consumer debt out there means that if we get a recession then that number is going to shoot up under the weight of those high carrying costs. As those consumers lose access to credit, the economy will slow even more.
Posted on 8/26/25 at 2:32 pm to ragincajun03
I’ve always wondered why old people even bother. If you own your own then just stop paying everything else
Posted on 8/26/25 at 2:32 pm to chalmetteowl
Stop taxing the ever loving shite out of them and sure
Posted on 8/26/25 at 2:35 pm to Bard
quote:
As those consumers lose access to credit, the economy will slow even more.
Agree. Debt, in particular credit card debt, has been propping up the economy for over half of a decade.
Posted on 8/26/25 at 2:43 pm to Cage Fighter Trainee
quote:
Slacker...850 checking in
Perfect score
I gotta get more credit cards or something.
Posted on 8/26/25 at 2:44 pm to DaleGribblesMower
quote:
I’ve always wondered why old people even bother. If you own your own then just stop paying everything else
Probably because they have dependents or people they love and want their estate to go to them and not the lien holders. Or that they're generally moral and pay back their debts.
This post was edited on 8/26/25 at 2:45 pm
Posted on 8/26/25 at 2:46 pm to Henry Jones Jr
quote:
When people start defaulting on their credit cards en masse, that’s going to be the domino that kicks off the next financial disaster
Been hearing this for over three years now. Hasn’t happened.
Posted on 8/26/25 at 2:56 pm to Tigerfan1274
quote:
Agree. Debt, in particular credit card debt, has been propping up the economy for over half of a decade.
Want to see something scary? Compare the federal deficit each year since COVID to the growth of GDP each year. Of the 5 years, 3 have had deficits greater than GDP and one year they were nearly equal. This means our economy has become extremely dependent on the federal government creating at least ~$1.8T in debt or more each year just to have moderate growth.
Posted on 8/26/25 at 2:59 pm to DaleGribblesMower
quote:
Stop taxing the ever loving shite out of them and sure
Trump said no tax on OT
Posted on 8/26/25 at 3:01 pm to GeauxldMember
quote:
Most Americans have far less buying power than we did just 5 years ago
I believe in a divine power that protects me from my own stupidity. January 2023 i was sitting on the shitter at work and a light bulb came on. I was sitting on 150k in equity in my house, and could move to a nice neighborhood for around 200. We sold it all. If it was financed, we sold it. Two years later I know someone was looking out for me.
Posted on 8/26/25 at 3:03 pm to DownshiftAndFloorIt
quote:
I think this is what we all know, and have all been expecting to happen any day now since 2021.
It somehow has refused to happen.
So much this!
Posted on 8/26/25 at 3:03 pm to Cage Fighter Trainee
quote:
Slacker...850 checking in
Tree Fiddy here, baw.
Posted on 8/26/25 at 3:06 pm to ragincajun03
quote:
while super prime customers have scores between 781-850
Subtle brag thread
Checking In
Posted on 8/26/25 at 3:08 pm to Chucktown_Badger
839 checking in with only debt being a mortgage at 3.6%. 
Posted on 8/26/25 at 3:14 pm to Gee Grenouille
quote:
could move to a nice neighborhood for around 200
Where the hell do you live that a nice neighborhood has houses for $200K?
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