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South Leads in Credit Card Struggles | Durham News
Memphis is topping the nation in credit card delinquency, with 9% of residents falling behind — and it’s not an outlier: seven of the top ten cities are in the American South. People aren’t overspending; they’re drowning in tight budgets, where even small debts become unmanageable. With national delinquency at a 15-year high and over $1.2 trillion in credit card debt, steep interest rates trap households in cycles of debt. Experts warn this isn’t about recklessness, but survival — and early action through hardship programs can prevent long-term damage to credit and future borrowing. Listen in…
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