Late Credit Card Payments at Historically Low Levels in U.S.

Although Covid may have affected some people and businesses, it is noteworthy to point out that “U.S. credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending habits” according to an American Bankers Association report.

 

Bloomberg dives deeper into this here.

 

 

 

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Prime Meridian Capital Management is an investment management firm specializing in online Peer to Peer (P2P), marketplace lending, and specialty finance strategies.

For more information on Prime Meridian, please contact us.

 

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