Balances for unsecured personal loans were also up over 26% in the first quarter compared to a year ago, TransUnion reported Thursday
Credit-card balances hit $917 billion in the first quarter of 2023, slightly down from the fourth quarter but still near record highs, TransUnion said.
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U.S. credit-card debt rose by nearly 20% in the first quarter when compared to a year earlier, hitting $917 billion as consumers tried to cope with higher prices, first-quarter data from TransUnion released Thursday shows.
Balances for unsecured personal loans also smashed records at $225 billion, rising about 26% in the first quarter from a year ago.
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