Gas prices blamed for late credit card payments
The percentage of
credit card payments that were past due shot up to a record high in the
second quarter as surging gasoline prices strained budgets and made it
difficult for some people to pay their bills.
credit card payments that were past due shot up to a record high in the
second quarter as surging gasoline prices strained budgets and made it
difficult for some people to pay their bills.
And these are the second quarter numbers, from April-June. That percentage is unquestionably much higher now.