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Top Banks Preparing for an Increase in Loan Delinquencies

Top Banks Preparing for an Increase in Loan Delinquencies

Banks are adjusting their behaviors amidst growing fears that this year could bring higher delinquency rates and economic difficulties. This could mean consumers find it harder to qualify for personal loans and new credit cards. Big lenders and credit card issuers are already setting aside more money to cover potential loan losses.