Credit scores in the United States have dropped for the first time in a decade, with borrowers under 30 missing credit-card or auto-loan payments at the highest rate since the 2008 crisis. Americans are increasingly struggling with bills, auto loans, and inflation, leading to a surge in credit applications. Carvana, a used car marketplace, has successfully avoided financial troubles by restructuring its debt, with its stock price rebounding from $4 to $86.
๐บ๐ธ Carvana makes U-turn away from financial abyss https://t.co/eAYOOi89qx
BIDENOMICS: Credit Scores Have Fallen For the First Time In A Decade. Read more: https://t.co/ROSJk6Enyb FICO reports announced that the average credit score in the United States dipped for the first ti...
๐บ๐ธ High-income shoppers still flocking to discount stores and buying store brands https://t.co/O5UFGe6uTM
๐บ๐ธ Aldi, Lidl and Dollar General smell opportunity amid rising prices https://t.co/uXktUhfttW
Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023 (@sindap / Financial Times) https://t.co/ETWEglGNRr ๐ซ Subscribe: https://t.co/OyWeKSQRTe https://t.co/nEKdPHH19R
NEW: At the beginning of 2023, Carvana was a $4 stock and circling bankruptcy. 15 months later itโs at $86. Founder and CEO, Ernie Garcia tells the FT about the wild ride of selling fewer cars to make more money: https://t.co/6A3cMCkqRv https://t.co/ad2echtYZs
Carvana makes U-turn away from financial abyss https://t.co/HsVzpwN8sg
Credit Applications Surge As Americans Scramble For Cash To Make Ends Meet https://t.co/bpKETIbJfu
๐บ๐ธ 15M Americans โ including those making more than $100K โ buy groceries with โbuy now, pay laterโ apps as inflation rages https://t.co/bux6r3OXJj
Credit scores fall for the first time in a decade as Americans struggle to pay their bills https://t.co/yovzLM5h21 https://t.co/RVKKKCGLYH
๐บ๐ธ Americans increasingly upside down on auto loans as used car values fall https://t.co/fvvI3zoArC
Borrowers under 30 missed 90 days of credit-card or auto-loan payments last year at the highest rate since the 2008 crisis https://t.co/ZTywK5By4T https://t.co/a6lF3pEyz3
Credit scores fall for the first time in a decade as Americans struggle to save, keep up with payments - Fox Biz https://t.co/Am0LKLDmc5