Delinquency rates for subprime debt in the United States have climbed to 10% of all outstanding balances. This 10% figure represents the highest level of non-payment recorded in the sector in 11 years.
These high-risk loans are specifically issued to individuals maintaining credit scores under the 660 threshold. Current data shows that one out of every ten dollars in outstanding subprime debt is now delinquent as consumer financial stress intensifies.