Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Credit Card Debt Reaches $1.023 Trillion
ShareTweet
Home
Fintech
Credit Card Debt Reaches $1.023 Trillion

Credit Card Debt Reaches $1.023 Trillion

Fintech Nexus Staff·
FintechNews RoundupUSA
·Jan. 9, 2018·1 min read

Federal Reserve Board data shows that consumer debt reached all-time highs in November; the previous highs were in April 2008 when consumer debt totaled $1.021 trillion; according to the CFPB, “Most origination metrics we observe are near pre-recession levels. This is true across credit score tiers for both general purpose and private label cards. Approval rates have climbed for all credit score tiers since post-recession lows, even as application volumes have stabilized.” Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

    View all posts
Tags
consumer debtFederal Reserve Board
Related

How LendStreet Helps Consumers Deal With Unsustainable Debt

US Consumer Debt at All Time Highs

America’s Appetite for Consumer Debt

US Consumers Slowed Borrowing and Spending in October

Popular Posts

Today:

  • Stablecoins Rapid RiseThe Precarious Framework Underpinning Stablecoins’ Rise Aug. 19, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (2)Peer-Picked: Female Fintech Founders on the Rise Aug. 12, 2025
  • Future Nexus Fintech IssueStablecoins on the Menu as Fed Meets in Jackson Aug. 19, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (3)Future of Fintech: Female Founders in Focus Aug. 14, 2025
  • Ben Hemani, Founding Partner at Bison VenturesThe Risk and Reward of Betting Big on AI’s Next Frontier Jun. 4, 2025
  • July 30th FN AI articleThe AI-Powered Ad Machine Jul. 30, 2025
  • David RoosAI’s Pre-Product Gold Rush Aug. 6, 2025
  • Newsletter-graphicBig Tech’s Billion-Dollar Binge Aug. 13, 2025
  • Nova Credit Nikki CrossNova Credit Sees BNPL Flashing Consumer Warning Signs Aug. 5, 2025
  • Fintech ForecastWhy Every Lender Should Be Using Cash Flow Underwriting Today Jul. 29, 2025

This month:

  • Penny LeeThe Battle for Open Banking’s Future Jul. 10, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (2)Peer-Picked: Female Fintech Founders on the Rise Aug. 12, 2025
  • Fintech ForecastWhy Every Lender Should Be Using Cash Flow Underwriting Today Jul. 29, 2025
  • keep-an-eye-on-these-female-fintech-founders 2 (3)Future of Fintech: Female Founders in Focus Aug. 14, 2025
  • Jeff Radke AccelerantAs Accelerant IPOs on NYSE, CEO Jeff Radke Hopes to Usher In Insurtech 3.0 Jul. 24, 2025
  • Newsletter-graphicBig Tech’s Billion-Dollar Binge Aug. 13, 2025
  • Fintech Forecast (2)Consulting the crystal ball— which 2025 fintech predictions came true, and what’s in store for the rest of the year? Aug. 7, 2025
  • Chris Taylor Fractional AIFractional AI’s CEO Chris Taylor on Scaling the Unscalable Jul. 23, 2025
  • Nova Credit Nikki CrossNova Credit Sees BNPL Flashing Consumer Warning Signs Aug. 5, 2025
  • FN articleVisa’s Director of Product Management on BNPL’s Future Jul. 22, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results