2021 Credit Card Data Book: Decline in Revolving Debt
Share this article Share this article ResearchAndMarkets.com's offering. Unlike 2019, which was a banner year for many credit card issuers, 2020 proved to be far more tumultuous. COVID-19 caused widespread disruptions, economic uncertainty, and a steep rise in unemployment. Facing economic uncertainty, consumers largely reigned in their credit usage, causing revolving debt volumes to drop. Despite the potential for an economic disaster, however, the credit card industry remains largely stable, with delinquencies down across all loan types. According to the new report, The 2021 Credit Card Dat...
Source: prnewswire.com