This Week In Credit Card News: Delinquency Rates Are At Highest Level Since 2012
www.forbes.com
What took place this week in the credit card and payment industries
  • AlecSadler@sh.itjust.works
    9·
    8 months ago

    Some crazy part of me wonders what would happen if 50%-75%+ of people just straight up refused to pay.

    And, not for like…one month. But 6-12 months. It would have to have a meaningful, negative impact to banks? Right?

    • eee@lemm.ee
      10·
      8 months ago

      Paraphrasing a common saying… If 100 people can’t pay the bank back, the 100 people have a problem; if 100 million people can’t pay the bank back, the bank has a problem.