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Story perspectives

U.S. Debt Hits Record $18.8 Trillion Amid Rising Delinquencies

3/21/2026

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Summary

Story summary

U.S. borrowers hold a record $18.8 trillion in debt, with 4.8% delinquency—the highest in nearly a decade.
The statute of limitations on credit card debt varies by state, typically ranging from three to six years.
Understanding the difference between time-barred debt and active judgments helps protect income and informs debt-relief decisions.
If a creditor obtained a judgment before the statute expired, wage garnishment remains possible.

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Story summary

U.S. borrowers hold a record $18.8 trillion in debt, with 4.8% delinquency—the highest in nearly a decade.
The statute of limitations on credit card debt varies by state, typically ranging from three to six years.
Understanding the difference between time-barred debt and active judgments helps protect income and informs debt-relief decisions.
If a creditor obtained a judgment before the statute expired, wage garnishment remains possible.