Credit card defaults skyrocket as Americans are unable to pay their debts

January 4th, 20250 Defaults on credit cards in the U.S. have spiked significantly in the last year, according to a new report. Credit card lenders wrote off $46 billion in seriously delinquent loan balances in the first nine months of the year, the Financial Times reported, citing industry data collated by BankRegData. The amount is up 50 percent...