Puerto Rican credit card debt hits $96M
The use of credit cards, as well as their issuance, has reached significantly high figures in the last two years, which has generated an excessive use that has resulted in an increase in Puerto Rican indebtedness. According to data from the Office of the Commissioner of Financial Institutions (OCIF), the increase at the end of 2022 and the third quarter of 2023, the credit card balance has already reached $96 million.