Bidenomics strikes again

[scruffy]

Highest rate of credit card default in 14 years

US credit card defaults soar to highest level in 14 years

Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping."

www.foxbusiness.com

Hmm... 14 years ... financial meltdown...

 

[Winco]

Highest rate of credit card default in 14 years

US credit card defaults soar to highest level in 14 years

Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping."

www.foxbusiness.com

Hmm... 14 years ... financial meltdown...

Be Responsible.

Like most educated people.
I have ZERO CC debt.
Pay it off each month.

Is it DIFFERENT for you scruffy ?

 

[gtopa1]

Be Responsible.

Like most educated people.
I have ZERO CC debt.
Pay it off each month.

Is it DIFFERENT for you scruffy ?

I have a credit card for "just in case" emergencies. I have about $100 that I owe on it; I used it to buy something online for one of the kids by accident. (It came with my Business account; dunno why).

You will get to the point one day when you will be unable to pay it in time...though with Trump you may be saved.

Greg

 

[Winco]

Highest rate of credit card default in 14 years

US credit card defaults soar to highest level in 14 years

Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping."

www.foxbusiness.com

Hmm... 14 years ... financial meltdown...

What is wrong gtopa1 ?
Did I LIE?

 

[Winco]

I have a credit card for "just in case" emergencies. I have about $100 that I owe on it; I used it to buy something online for one of the kids by accident. (It came with my Business account; dunno why).

You will get to the point one day when you will be unable to pay it in time...though with Trump you may be saved.

Greg

Dear Lord Greg.
Tell Me how I'm fucked.....

I have a Credit Card that I pay off, every month.
Reaping the rewards.
Am I being Screwed.....if so, how will trump SAVE me.

Dear Lord.......I don't need trump.
He will OFFER me what? Exactly?

 

[gtopa1]

What is wrong gtopa1 ?
Did I LIE?

Wrong? Nothing's "wrong" but in the late 70s and 80s there were MANY who used their Credit Cards to supplement their lifestyle quite affordably...until they couldn't. See Carter for details!!

But frankly I hope you never get caught in a credit trap like that. I got hit by the Home Loan interest hike; went from about 4% to 26%....................damn difficult times.

Jimmy Carter also faced high inflation and energy prices — 'We have more oil in our shale alone than several Saudi Arabias'

"We will protect our environment," Carter said in 1979. "But when this nation critically needs a refinery or a pipeline, we will build it."

fortune.com

'Skid-marks on the pathway of progress': The crash that killed the entrepreneur

The 1987 share crash wiped out fortunes and empires. The Business asks those who were there — brokers, corporate raiders and the treasurer — what went wrong and what they learnt.

www.abc.net.au

Greg

 

[gtopa1]

Dear Lord Greg.
Tell Me how I'm fucked.....

I have a Credit Card that I pay off, every month.
Reaping the rewards.
Am I being Screwed.....if so, how will trump SAVE me.

Dear Lord.......I don't need trump.
He will OFFER me what? Exactly?

Just keep your debt ratios in check; if you aren't in trouble NOW you'll probably be fine unless the RB does something CRAZY.............and frankly Trump probably has that already factored in.

Greg

 

[Winco]

Wrong? Nothing's "wrong" but in the late 70s there were MANY who used their Credit Cards to supplement their lifestyle quite affordably...until they couldn't. See Carter for details!!

But frankly I hope you never get caught in a credit trap like that. I got hit by the Home Loan interest hike; went from about 4% to 26%....................damn difficult times.

'Skid-marks on the pathway of progress': The crash that killed the entrepreneur

The 1987 share crash wiped out fortunes and empires. The Business asks those who were there — brokers, corporate raiders and the treasurer — what went wrong and what they learnt.

www.abc.net.au

Greg

Sorry Greg.
I have a MATH degree, and didn't fall into ANY traps.
Sorry.

 

[Winco]

Just keep your debt ratios in check; if you aren't in trouble NOW you'll probably be fine unless the RB does something CRAZY.............and frankly Trump probably has that already factored in.

Greg

I find it SAD that you 'Think' trump is going to "SAVE" me.
You know.....trump has me "factored in"
Dear Lord...... I don't need that fuckstain to keep me out of Bankruptcy.

 

[gtopa1]

I find it SAD that you 'Think' trump is going to "SAVE" me.
You know.....trump has me "factored in"
Dear Lord...... I don't need that fuckstain to keep me out of Bankruptcy.

So many smart arses thought so until the interest rates hit 26%. And they were SMART people as well.

But I would be far more concerned if Biden/Harris were still in the picture though I don't trust their spawn embedded in the system!!

Greg

 

[Winco]

So many smart arses thought so until the interest rates hit 26%. And they were SMART people as well.

But I would be far more concerned if Biden/Harris were still in the picture though I don't trust their spawn embedded in the system!!

Greg

What an awesome...."Make Believe" Story Gregg.

WTF does this Mean >>>>> But I would be far more concerned if Biden/Harris were still in the picture though I don't trust their spawn embedded in the system!!

 

[gtopa1]

What an awesome...."Make Believe" Story Gregg.

WTF does this Mean >>>>> But I would be far more concerned if Biden/Harris were still in the picture though I don't trust their spawn embedded in the system!!

Just wary of the Demnazi leftovers. I am so glad Trump nailed their balls to the wall!! lol

Greg

 

[Winco]

Just wary of the Demnazi leftovers. I am so glad Trump nailed their balls to the wall!! lol

Greg

How is Trump going to 'Help you' Gregg?

 

[Winco]

Just wary of the Demnazi leftovers.

WTF Gregg?

 

[gtopa1]

WTF Gregg?

I'm enjoying the losers' discomfort and hysterical bleatings!!

Greg

 

[Winco]

I'm enjoying the losers' discomfort and hysterical bleatings!!

Greg

Did you once claim to be a Teacher?
Or am I incorrect?

 

[Nuthin' Fancy]

I find it SAD that you 'Think' trump is going to "SAVE" me.
You know.....trump has me "factored in"
Dear Lord...... I don't need that fuckstain to keep me out of Bankruptcy.

Then never let Trump get a hold of your credit card, the card will be in collections in 2 months.

 

[drudge X]

Sorry Greg.
I have a MATH degree, and didn't fall into ANY traps.
Sorry.

Guess your math degree left out critical thinking.

How many of those in debt were victims of Bidenomics?

 

[SassyIrishLass]

People do what they have to do to provide for themselves and family.

Eventually the debt catches up and they default. That's a lousy economy

 

[Independent thinker]

Highest rate of credit card default in 14 years

US credit card defaults soar to highest level in 14 years

Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping."

www.foxbusiness.com

Hmm... 14 years ... financial meltdown...

You must be mistaken. Democrats say the economy is going great.