RICHMOND, CALIFORNIA - SEPTEMBER 06: A "We Finance" sign is posted at YG Auto Sales on September 06, 2023 in Richmond, California. Credit monitoring agencies are seeing a rise in defaults of credit card and auto loan payments as inflation continues to squeeze the pocketbooks of many Americans. According to credit agency Equifax, credit card delinquencies are at 3.8% default rate and car loans are at 3.6%.
