# Credit Card Debt on The No Agenda Show

Credit Card Debt comes up in 7 chapters across 7 episodes of The No Agenda Show, from February 2009 to August 2023.

- **Chapters:** 7
- **Episodes:** 7
- **Discussed:** February 2009 – August 2023
- **Related topics:** [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Inflation](https://search.noagendashow.net/topic/inflation.md), [2005](https://search.noagendashow.net/topic/2005.md), [Apple Card](https://search.noagendashow.net/topic/apple-card.md), [Black Friday](https://search.noagendashow.net/topic/black-friday.md), [Brett Kavanaugh](https://search.noagendashow.net/topic/brett-kavanaugh.md), [Consumer Protection](https://search.noagendashow.net/topic/consumer-protection.md), [Cost Of Living](https://search.noagendashow.net/topic/cost-of-living.md), [Credit Cards](https://search.noagendashow.net/topic/credit-cards.md), [Debt Relief](https://search.noagendashow.net/topic/debt-relief.md)

## Chapters 1–7 of 7

### US Credit Card Debt, Delinquency Rates and Inflation

- **Episode:** [1580: Coup Map](https://search.noagendashow.net/episode/1580-coup-map.md)
- **Published:** 2023-08-10
- **Time:** 2:21:22–2:24:30
- **Transcript:** https://search.noagendashow.net/episode/1580-coup-map/chapter/us-credit-card-debt-delinquency-rates-and-inflation.md

U.S. credit card debt has surpassed the $1 trillion mark for the first time, with a $45 billion spike occurring between April and June. Financial analysts attribute the rise to households using credit to bridge the gap created by high inflation and the rising cost of living. Delinquency rates for credit cards and auto loans are also trending upward as consumers struggle to make timely payments.

Keywords: [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [inflation](https://search.noagendashow.net/topic/inflation.md), delinquency, [cost of living](https://search.noagendashow.net/topic/cost-of-living.md)

### Record Credit Card Debt During Holiday Shopping Season

- **Episode:** [1507: Leaky Labs](https://search.noagendashow.net/episode/1507-leaky-labs.md)
- **Published:** 2022-11-27
- **Time:** 1:42:57–1:44:31
- **Transcript:** https://search.noagendashow.net/episode/1507-leaky-labs/chapter/record-credit-card-debt-during-holiday-shopping-season.md

U.S. credit card balances have jumped 15% over the last year, the largest increase in two decades, as consumers struggle with inflation during the holiday season. The National Retail Federation predicts record spending between $942 and $960 billion in November and December. Despite the high spending totals, physical retail traffic appeared lower as more shoppers shifted to online platforms and credit-based purchasing.

Keywords: [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), [inflation](https://search.noagendashow.net/topic/inflation.md), [black friday](https://search.noagendashow.net/topic/black-friday.md), [retail](https://search.noagendashow.net/topic/retail.md), national retail federation

### Goldman Sachs Apple Card Losses and Subprime Lending

- **Episode:** [1486: Truth Decay](https://search.noagendashow.net/episode/1486-truth-decay.md)
- **Published:** 2022-09-15
- **Time:** 1:15:09–1:17:09
- **Transcript:** https://search.noagendashow.net/episode/1486-truth-decay/chapter/goldman-sachs-apple-card-losses-and-subprime-lending.md

Goldman Sachs is experiencing a 2.93% net charge-off rate on the Apple Card, nearly double the rate of competitors like JPMorgan. Data reveals that 28% of Apple Card loans were issued to customers with FICO scores below 660, leading to significant defaults.

Keywords: [apple card](https://search.noagendashow.net/topic/apple-card.md), [goldman sachs](https://search.noagendashow.net/topic/goldman-sachs.md), fico scores, [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), charge-off rate

### Brett Kavanaugh Credit Card Debt and Washington Nationals

- **Episode:** [1050: Chip In!](https://search.noagendashow.net/episode/1050-chip-in.md)
- **Published:** 2018-07-15
- **Time:** 1:55:08–1:57:57
- **Transcript:** https://search.noagendashow.net/episode/1050-chip-in/chapter/brett-kavanaugh-credit-card-debt-and-washington-nationals.md

The Washington Post reported that Supreme Court nominee Brett Kavanaugh previously accumulated significant credit card debt, which he attributed to purchasing season tickets for the Washington Nationals for himself and friends. Skeptics suggest the story may be a "hoax" or an exaggerated vetting tactic, noting that the debt has since been paid off. The focus on personal finances is framed as part of an "epic storm" of opposition to his nomination.

Keywords: [brett kavanaugh](https://search.noagendashow.net/topic/brett-kavanaugh.md), washington nationals, [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), [washington post](https://search.noagendashow.net/topic/washington-post.md), [vetting](https://search.noagendashow.net/topic/vetting.md)

### Freedom Club of the United States, Debt Relief Pitch

- **Episode:** [577: Scripted Fat Talk](https://search.noagendashow.net/episode/577-scripted-fat-talk.md)
- **Published:** 2013-12-26
- **Time:** 1:27:04–1:29:12
- **Transcript:** https://search.noagendashow.net/episode/577-scripted-fat-talk/chapter/freedom-club-of-the-united-states-debt-relief-pitch.md

An investigation into the "Freedom Club of the United States" reveals what appears to be a pyramid scheme. The organization lures individuals with claims that credit card debts and mortgages are worth hundreds of thousands of dollars in cash that never needs to be repaid. The hosts examine the "ambassador" model used to spread these financial offers.

Keywords: freedom club, [debt relief](https://search.noagendashow.net/topic/debt-relief.md), pyramid scheme, [credit cards](https://search.noagendashow.net/topic/credit-cards.md), financial freedom

### Debtors Prisons and Arrest Warrants for Unpaid Bills

- **Episode:** [217: The Digital Drug Menace](https://search.noagendashow.net/episode/217-the-digital-drug-menace.md)
- **Published:** 2010-07-15
- **Time:** 1:53:52–1:57:16
- **Transcript:** https://search.noagendashow.net/episode/217-the-digital-drug-menace/chapter/debtors-prisons-and-arrest-warrants-for-unpaid-bills.md

In Minnesota and several other states, creditors are increasingly using the court system to issue arrest warrants for individuals with unpaid consumer debts. While being in debt is not a crime, missing a court-ordered hearing regarding the debt can lead to a "contempt of court" warrant. This trend has seen a 60% increase in cases, effectively reviving the concept of debtors' prisons in the United States.

Keywords: debtors prison, [minneapolis](https://search.noagendashow.net/topic/minneapolis.md), [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), [warrants](https://search.noagendashow.net/topic/warrants.md), [minnesota](https://search.noagendashow.net/topic/minnesota.md)

### Bankruptcy Reform Law of 2005, Credit Card Debt

- **Episode:** [72: Obama Denver & the New World Order](https://search.noagendashow.net/episode/72-obama-denver-the-new-world-order.md)
- **Published:** 2009-02-15
- **Time:** 20:13–21:59
- **Transcript:** https://search.noagendashow.net/episode/72-obama-denver-the-new-world-order/chapter/bankruptcy-reform-law-of-2005-credit-card-debt.md

A Federal Reserve member's paper suggests the 2005 bankruptcy reform law is a primary cause of the current economic crisis. By tightening laws to protect big banks and making credit card debt non-dischargeable, the law forced consumers to sell homes to pay off high-interest debt, destabilizing the housing market.

Keywords: bankruptcy reform, [2005](https://search.noagendashow.net/topic/2005.md), [credit card debt](https://search.noagendashow.net/topic/credit-card-debt.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [consumer protection](https://search.noagendashow.net/topic/consumer-protection.md)

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