Synchrony, which has 68 million active accounts, saw more consumers paying back their loans in the second quarter of 2025 versus last year.

Americans have more debt than they’ve ever had, making them vulnerable to defaulting on their loans if the economy turns south. New financial results from credit card issuer Synchrony show that U.S. borrowers are holding up fine, but if inflation rises sharply again, all bets are off.

Synchrony is a Stamford, Connecticut-based bank that offers co-branded credit cards and point-of-sale loans for customers like Sam’s Club, Lowe’s and

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