More credit debt longer | Company


More U.S. consumers are saddled with credit card debt for longer periods of time, struggling to repay amid high inflation and rising interest rates, according to a survey.

Sixty percent of credit card debtors report being in credit card debt for at least a year, up from 50% a year ago. said Monday in a report. The share of those who have been in debt for more than two years has also increased, from 32% to 40%, according to the online credit card market.

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