3 ms·

> What is baffling is how the delinquency rates for credit cards have plummeted. Mortgage deferments! If you can stop paying your mortgage for a while, then y

> What is baffling is how the delinquency rates for credit cards have plummeted. Mortgage deferments! If you can stop paying your mortgage for a while, then you have more money to pay down your credit cards.

treyfitty 6y ago
Ah, that's a good hypothesis... I didn't consider that.
- Spooky23 6y ago
  Rent too. 60% of NY renters didn’t pay in May or June.
  - TomSwirly 6y ago
    This claim appears to be entirely false. I couldn't even find an article that said anything like this.
deleted 6y ago
[deleted]
JoBrad 6y ago
I think refinancing may also play a role here. Many times you skip a payment, and you now have more cash in your pocket.