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Banks Prepping for Worst Quarter Since Great Recession #infographic

Major US banks have seen rising credit card and loan default rates since the pandemic restrictions and unprecedented job losses started in early March. For a large part of 2020, many banks and credit-card firms have cut or lowered interest rates and minimum payments. Because of this and the overall slow recovery that economic experts expect, data shows that banks are gearing up for a costly stretch of loan losses.

Also Visit:  How to Stay on Top of Your Payment Plans.

Banks Prepping for Worst Quarter Since Great Recession #infographic

infographic by: www.statista.com

Share This Infographic On Your Web Site

Banks Prepping for Worst Quarter Since Great Recession #infographic

Banks Prepping for Worst Quarter Since Great Recession #infographic

Major US banks have seen rising credit card and loan default rates since the pandemic restrictions and unprecedented job losses started in early March. For a large part of 2020, many banks and credit-card firms have cut or lowered interest rates and minimum payments. Because of this and the overall slow recovery that economic experts expect, data shows that banks are gearing up for a costly stretch of loan losses.

Also Visit:  How to Stay on Top of Your Payment Plans.

Banks Prepping for Worst Quarter Since Great Recession #infographic

infographic by: www.statista.com

Share This Infographic On Your Web Site

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