Credit Card, Personal Loan Balances Hit Record Highs Amid Soaring Inflation, Rising Rates

6 months ago
As consumers grapple with surging inflation and rising involvement rates, much Americans are taking connected other indebtedness to mitigate household fiscal pressures, a caller report found. According to TransUnion’s Q3 2022 Quarterly Credit Industry Insights Report (CIIR), recognition paper balances precocious 19 percent twelvemonth implicit twelvemonth successful the 3rd quarter, to an all-time precocious of $866 billion. The maturation was driven heavy by Genera...
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