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Started By
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re: US consumers with prime credit are starting to slip on payments
Posted on 8/26/25 at 8:58 pm to ragincajun03
Posted on 8/26/25 at 8:58 pm to ragincajun03
quote:man, how can anyone be sooo stupid? there are no words.
Harris probably won every state outright except for Louisiana and Mississippi counting legit votes.
0
Posted on 8/26/25 at 9:02 pm to N2cars
quote:
Air was already dirty.
It was before President Obama gave his speech. He then cleaned up our dirty air and water.
Trump re-dirtied both when elected in 2016.
Posted on 8/26/25 at 9:06 pm to ragincajun03
quote:Because dipshits live above their means and waste money. Too bad.
increased at the fastest pace in auto loans and mortgages
Posted on 8/26/25 at 9:33 pm to Chucktown_Badger
819 credit checking in. Still humming along!
Posted on 8/26/25 at 9:44 pm to Jake88
quote:
Because dipshits live above their means and waste money. Too bad.
I think there's plenty of this and see it firsthand. My wife and I are probably top 15% in income. We drive an 8 year old truck and a Honda Accord. There are plenty of people in our income bracket that have 80k Tahoes.
This post was edited on 8/26/25 at 9:47 pm
Posted on 8/26/25 at 10:26 pm to ragincajun03
What sux is that people that are t see be seeing their rate go down as a thank you and incentive to maintain it. CCCs really are ahole
Posted on 8/26/25 at 10:37 pm to N2cars
quote:
54% of Americans pay off the balance each month.
Never paid interest. Pay off every month.
Posted on 8/26/25 at 10:54 pm to ragincajun03
quote:
Prime customers have credit scores between 661-780, while super prime customers have scores between 781-850,
One thing I am never sure about with comparisons to prior years with scores or ratings is did it get caught up in the inequity and systematic racism political BS and become inflated to help “solve” inequities.
Regardless all that cut USAID and other decreased govt spending that had been going to various types of NGOs headed by Dems on top of student loans repayments no longer being a political bribe are likely hurting some right now.
Posted on 8/26/25 at 11:28 pm to baybeefeetz
quote:
My shite slipped from 800 something
Posted on 8/26/25 at 11:29 pm to ragincajun03
I took on an extra job in November. I paid my vehicle off in April, and I started applying that money to the principal on my mortgage along with living on a strict budget. I should have my mortgage paid off by April or May at this current pace.
This post was edited on 8/26/25 at 11:30 pm
Posted on 8/26/25 at 11:35 pm to upgrayedd
quote:
Prime customers have credit scores between 661-780"
Is this really a shock?
Who said anything about this being a shock?
Prime customers have credit scores between 661-780"
Is this really a shock?
Who said anything about this being a shock?
Posted on 8/26/25 at 11:40 pm to ragincajun03
seems like ever week for the past decade we've had some "dire" data come out.
I guess one day it will be the real deal.
I guess one day it will be the real deal.
Posted on 8/27/25 at 7:10 am to Turnblad85
It is "fake" data.
In other words, real data that is twisted to make things look a certain way. Weak sauce...
Only 3.05% of Americans are delinquent.
Only 46% carry balance, and many those dont perpetually carry a balance. And most balances are under $10K.
In other words, real data that is twisted to make things look a certain way. Weak sauce...
Only 3.05% of Americans are delinquent.
Only 46% carry balance, and many those dont perpetually carry a balance. And most balances are under $10K.
Posted on 8/27/25 at 7:30 am to GeauxldMember
quote:
Every time I see people I know with the garage full of toys, the boat and the 3 kids in private school take their $15K family vacation, I’m wondering how long it’ll be before they’re defaulting.
Agreed, but I feel like I’ve been saying this for the last 10yrs.
Posted on 8/27/25 at 7:32 am to Chucktown_Badger
quote:
We're waiting to buy here in Charleston as well, have been for over 2 years, and I think I'm starting to see things turn in favor of buyers a bit. Heading out to look at some places tomorrow but likely waiting it out for a while longer.
We had been looking for houses in Mount Pleasant for over a year. Houses we liked were $800+ for a 1500-200 square foot house, just ridiculous. Lower priced larger houses were in need of $150-$200k of upgrades. We just closed on house near Greenville instead. May relook at Charleston in about 4-5 years when I'm ready to retire. It's an expensive place to live.
Ohio just made the top 5 states in foreclosure: 1,800+ properties are in foreclosure which is about 5.3% of all homes for sale.
This post was edited on 8/27/25 at 7:37 am
Posted on 8/27/25 at 7:32 am to N2cars
quote:
It is "fake" data.
In other words, real data that is twisted to make things look a certain way. Weak sauce...
Only 3.05% of Americans are delinquent.
Only 46% carry balance, and many those dont perpetually carry a balance. And most balances are under $10K.
Fear porn
Posted on 8/27/25 at 7:38 am to N2cars
quote:
It is "fake" data. In other words, real data that is twisted to make things look a certain way. Weak sauce... Only 3.05% of Americans are delinquent. Only 46% carry balance, and many those dont perpetually carry a balance. And most balances are under $10K.
Are you trying to say that consumer debt has not been rising fast?
Collectively, Americans have added over $1T in non mortgage household debt since Covid. We now sit at $5T in non mortgage household debt.
Balances are growing, and while delinquencies are still low, 3% are simply not able to pay, and that number is up 40% in 4 years. Half are carrying balances—these are indicators of cracks forming in the dam.
https://www.newyorkfed.org/microeconomics/hhdc
This post was edited on 8/27/25 at 7:48 am
Posted on 8/27/25 at 7:56 am to The Third Leg
Did I say that? No.
Do you disagree with anything I posted?
I tend to put more weight on default/delinquency rates as indicators of consumer economic health.
Most of us use CCs for everything so as a snapshot, debt can appear to be a high numbet.
Additionally, homes, cars, white goods, all cost more, so wouldn't we expect household debt to increase?
Do you disagree with anything I posted?
I tend to put more weight on default/delinquency rates as indicators of consumer economic health.
Most of us use CCs for everything so as a snapshot, debt can appear to be a high numbet.
Additionally, homes, cars, white goods, all cost more, so wouldn't we expect household debt to increase?
Posted on 8/27/25 at 8:02 am to The Third Leg
Now, do CC rates pre-2019.
Delinquency rates were at historic lows in 21,22 due to all Covid money, so yes, now they ate rising again.
And yet, still around 3%.
Delinquency rates were at historic lows in 21,22 due to all Covid money, so yes, now they ate rising again.
And yet, still around 3%.
Posted on 8/27/25 at 8:33 am 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.
Holy god damn blue fricking hell.
Don't produce offspring. If you have already, go get a vasectomy to stop the further spread.
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