DISCOVER CARD ISSUES DIRE WARNING, CREDIT CARD CHARGE-OFFS PROBLEMS, CREDIT LIMITS LIKELY TO BE CUT

Discover financial, issuer of Discover credit cards is out with a dire warning that charge-offs will likely double from 2022 levels as more and more consumers find themselves unable to meet minimum payments on surging credit card debt.

#finance #economics #investing

Please subscribe and come back again for important updates on: stock market, business, business news, investing, economy, economic news, financial news, personal finance, real estate, real estate news, housing bubble, home prices, housing news, real estate crash, home price crash, economic collapse, preparing for economic collapse, rent, rental property,
building wealth, 401k, retirement savings, checking account, credit cards, interest rates, mortgage rates

This channel contains news and analysis that often includes 'one mans opinion'. The information conveyed should never be taken as investment advice. Everyone should do their own due diligence and research before making investment and money decisions.