{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"America\u2019s Credit Is Breaking - Paul Oster #6367","description":"Inflation is breaking more than wallets \u2014 it\u2019s breaking credit, and the damage is spreading fast. Kerry Lutz and Paul Oster break down the growing stress on consumer finances as post-holiday debt collides with stubborn inflation and a weakening job market. Rising credit card and auto delinquencies signal that many households are running out of financial breathing room. Paul warns that Buy Now, Pay Later programs \u2014 especially when used for essentials like rent \u2014 are quietly damaging credit scores, particularly among younger consumers. He draws parallels to the student loan crisis, where roughly 25% of borrowers remain in long-term delinquency or default, underscoring a broader lack of financial planning. As everyday costs rise, even small credit missteps can sharply lower credit scores. Once scores fall below roughly 700, borrowing costs increase and mortgage access can disappear altogether. Kerry and Paul stress proactive credit monitoring, discipline, and planning as key defenses when life events like job loss or health issues strike. \ud83d\udcc5 Paul also invites listeners to a public live stream on February 11 at noon, where he\u2019ll dive deeper into credit strategies and answer questions live.  Find Paul here: https:\/\/betterqualified.com Find Kerry here :https:\/\/khlfsn.substack.com and here: https:\/\/inflation.cafe    Kerry's New Book \u201cThe Armstrong Economic Code: The 5 Truths Investors Must Never Forget\u201d is out now on Amazon!  Get your copy here:   https:\/\/a.co\/d\/bvYbZOz  \u201cThe World According to Martin Armstrong \u2013 Conversations with the Master Forecaster\u201d is a #1 Best Seller on Amazon. . Get your copy here: https:\/\/amzn.to\/4kuC5p5 ","author_name":"Kerry Lutz's--Financial Survival Network","author_url":"https:\/\/FinancialSurvivalNetwork.com","html":"