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

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First published at 01:51 UTC on January 28th, 2023.

#creditcards
#discoverfinancial
#business

Bull Boom - Bear Bust

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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 #e…

#finance #economics #investing

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