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Florida Faces Rising Credit Card Delinquency Rates

share-iconPublished: Saturday, January 04 share-iconUpdated: Saturday, January 04 comment-icon11 months ago
News sources:
NEWSWEEK
Florida Faces Rising Credit Card Delinquency Rates

Credited from: NEWSWEEK

  • Florida has the second-highest credit card delinquency rate in the nation, with 11.68%, surpassing states like New York and California.
  • The national average delinquency rate is significantly lower at 10.52%, highlighting the financial difficulties faced by Floridians.
  • Economic factors including persistent inflation and higher interest rates contribute to these rising delinquency rates.
  • Experts suggest reaching out to credit card issuers for assistance through repayment plans or hardship programs if consumers are struggling.
  • For more insights on this issue, read the full article at Newsweek.

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Florida Credit card delinquency Financial struggles Credit card debt Economic pressures
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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