A new report by the Consumer Financial Protection Bureau (CFPB) shows that consumers who carry a balance on their credit cards month-to-month are more likely to have lower credit scores and less likely to get out of debt without defaulting than those who do not carry revolving credit card balances.
“Revolvers,” as they are dubbed in the report, account for approximately two-thirds of active credit card accounts in the U.S.
Find out more insights revealed by the bureau’s analysis.