Credit Card Rates, Delinquencies Expected to Climb in 2018

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Credit Card Rates, Delinquencies Expected to Climb in 2018

2018 credit card rates

2018 is widely expected to be a good year for banking and finance—the markets are at all-time highs, unemployment is historically low, and it has become imperative that organizations invest in the latest FinTech technology.

That said, a healthy, growing economy has its consequences: with the Federal Reserve’s decision to raise prime interest rates—and more raises expected in the near future—news outlets and economists are now reporting that credit card rates and delinquencies are set to climb this year.

The increases will trickle down to home loans, small business loans and personal loans.

Increases like these are never great, but there’s no need to fret. In this economy, what that means to consumers is that there’s enough profit to go around for the all-too-quotable adage to be true: “You have to spend money to make money.”

While interest rates are meant to protect the economy from inflation, the market is also hot for smart, high-value investments.

Unfortunately, enterprises lose billions of dollars each year due to inadequate financial management of those investments. All successful companies leveraging dynamic FinTech agile technology to keep a pulse on the economic status of their enterprise.

Research what technologies best serve your organization and customers. Perhaps implement a pilot project, study the results for a positive ROI and repeat.

If there is a need for FinTech consulting services assistance, please contact CSS and speak with a FinTech SME (Subject Matter Expert).

CSS offers Financial Ecosystem Platforms & services.

Whatever your industry may be, CSS offers fintech platform solutions designed to meet your financial needs.

CSS Impact
When software is designed by a company that is dynamic & robust, it tends to work that way, too. Our System delivers a suite of Enterprise Compliance, Visibility and Automation solutions for the ARM, Legal and Healthcare Industries.

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