ActionfigureJoe Posted April 21 Share Posted April 21 (edited) Credit card delinquency rate is the canary in the coal mine. Nevada and Florida is #1 and #2. https://www.forbes.com/advisor/credit-cards/credit-card-debt-by-state/ Edited April 21 by ActionfigureJoe Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted April 22 Platinum Contributing Member Share Posted April 22 But spending is up. It’s was a record Christmas blah blah People are trying to get by using their credit cards in this booming economy. Lazy fucks wont get a second or third job says out of touch old fucks 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 22 Share Posted April 22 Hoping for fail. How sad. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted April 22 Author Share Posted April 22 (edited) 35 minutes ago, Mainecat said: Hoping for fail. How sad. Delinquency rates on discovery cards are above 5%. Deemed uncollectible. The last time this occurred was the lead up to 2008. Edited April 22 by ActionfigureJoe Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted April 22 Share Posted April 22 (edited) 23 minutes ago, ActionfigureJoe said: Delinquency rates on discovery cards are above 5%. Deemed uncollectible. The last time this occurred was the lead up to 2008. Sub-prime auto loans are seeing a similar delinquency rate. 6% or so. It is at it's highest rate since it started being tracked in the mid 90's. Normally under 2%. Lots of squeezes on the middle class and lower middle class, and the auto and CC stuff are the easiest ones to ignore. In case anyone is wondering, auto loan debt surpassed student loan debt in 2023... Edited April 22 by racinfarmer Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted April 22 Share Posted April 22 11 hours ago, racinfarmer said: In case anyone is wondering, auto loan debt surpassed student loan debt in 2023... When is forgiveness legislation coming!!?? Quote Link to comment Share on other sites More sharing options...
Doug Posted April 22 Share Posted April 22 17 minutes ago, Mag6240 said: When is forgiveness legislation coming!!?? How many votes is it worth. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 22 Platinum Contributing Member Share Posted April 22 Like govt people have the same spending problems. 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 22 Share Posted April 22 let it all burn... 1 Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted April 22 Share Posted April 22 9 hours ago, Mag6240 said: When is forgiveness legislation coming!!?? I don't know, but I have a couple of wheeled machines I'd like loan forgiveness on... Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 23 Share Posted April 23 13 hours ago, racinfarmer said: I don't know, but I have a couple of wheeled machines I'd like loan forgiveness on... I'll give you 30% of the market value for the most recent acquisition today... 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 23 Share Posted April 23 On 4/22/2024 at 7:28 AM, Mag6240 said: When is forgiveness legislation coming!!?? Buy an ev. They have been giving loan forgiveness in the form of a tax credit. Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted April 23 Share Posted April 23 5 hours ago, racer254 said: Buy an ev. They have been giving loan forgiveness in the form of a tax credit. What is really wild in MN at least, the only way you can limit out on collecting the tax credits is selling enough cars the state considers you a dealer. In theory, you could buy 6 and sell 5, collecting the tax credits the whole way. 11 hours ago, Crnr2Crnr said: I'll give you 30% of the market value for the most recent acquisition today... Nah 1 Quote Link to comment Share on other sites More sharing options...
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