Why Retail Bankruptcies Are Leading to an Increase in Credit Card Delinquency

The tide of store closures and bankruptcies that’s rocked the retail industry over the past decade has had far reaching consequences all the way from the sales floor to Wall Street. Now, it looks like shoppers’ credit scores may be next to take a hit — at least if they don’t pay off their balances on credit cards attached to shuttered stores. According to Equifax, in March the late payment rate for private-label retail credit cards hit the highest level since early 2011, after rising...

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