US credit card defaults have reportedly surged to $46 billion in the first 9 months of 2024, which is said to be the highest since 2010. Credit card defaults are now up more than 50% year-over-year. And defaults of seriously delinquent credit card loan balances… Read More
Read more in: Global, General News | Tagged consumer behavior, credit cards, defaults, research, us
Last year, October had carried out a survey among their community of lenders in order to gain insights into the topics they were “eager to learn more about.” One topic came back repeatedly: their platform statistics. To answer your questions related to stats, October is… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged defaults, europe, financing, france, germany, italy, lending, netherlands, october, savings, small businesses, smbs, sme's, spain
RateSetter, a leading UK peer to peer lending platform, has completed the sale of £2.1 million of non-performing debt. RateSetter sold the assets t 1st Credit, a debt purchaser. Exact terms of the transaction were not revealed but RateSetter said it was the first… Read More
Read more in: Investment Platforms and Marketplaces, Global | Tagged defaults, p2p, peer to peer, provision fund, ratesetter, uk, united kingdom
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