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Credit Card Delinquencies

New credit card limits highest since 2009, says Equifax

Consumer credit cards continued their recovery through the end of September, with a major reporting agency's data showing new credit originations returning to levels last seen three years ago. According to Equifax's latest National Consumer Credit Trends Report, the amount of new credit card limits opened in the first three quarters of 2012 hit $675 [...]

Categories: Credit Card Delinquencies
Credit card delinquency rates rise for first time in 2012

Credit card delinquency rates rose for the first time in nearly a year, according to analysts at Fitch Ratings. Combined with rising unemployment figures and concerns about the long term effects of Hurricane Sandy, the report scared investors into a sell-off that affected shares of Capital One and Citi during November. The financial research firm reported [...]

Categories: Credit Card Delinquencies
Credit card delinquencies down again in July, showing strength in subprime borrowing

Americans keep getting better at paying their credit card bills on time, according to the results of a new Experian study. Researchers reported that the dollar amount of bank credit card accounts over sixty days delinquent fell 21 percent in July 2012 from the same period a year earlier. Auto loan and mortgage delinquencies also [...]

Categories: Credit Card Delinquencies
Credit card delinquencies remain at historic lows

Credit card balances keep creeping up, but researchers from TransUnion say they're still a far cry from pre-recession levels. While Americans carry more debt, their stronger financial habits have shown a five percent decrease in the number of delinquent credit card accounts, according to the credit reporting agency's year-over-year statistics. TransUnion's Trend Data anonymized 27 million [...]

Categories: Credit Card Delinquencies
4 billion credit card offers mailed last year

About 4 billion credit card offers were mailed out to Americans last year, more than any year since 2007 and almost triple the number sent out in 2009, according to analysis from Synovate, a market research firm. The Boston Globe indicates this may be a sign of relaxed lending policies from some of the nation's [...]

Categories: Credit Card Delinquencies
Credit card delinquency rates drop again, matching Clinton-era lows

The last time credit card delinquency rates were this low, "Forrest Gump" was on the Oscar trail and a new medical drama called "ER" had just launched on NBC. According to quarterly figures from the Federal Reserve, the percentage of credit card accounts behind on payments during the third quarter of 2011 dropped to 3.47 [...]

Categories: Credit Card Delinquencies
Credit card companies increase offers to fair-credit borrowers

Banks have started approving more credit cards for fair credit, even as extended unemployment has caused Americans' average credit scores to drop slightly. That insight comes from TransUnion's quarterly analysis of new credit card applications and credit card delinquencies, released to reporters earlier this month. Although credit card delinquency rates had dropped to historic lows [...]

Categories: Credit Card Delinquencies
Credit card delinquencies drop to 2006 levels

Analysts from Fitch Ratings warned investors this month that asset-backed securities tied to major credit card issuers may soon reach performance plateaus. The company's Delinquency Index for the period ending on August 31 has dropped 35 percent from the same period a year ago. Credit card delinquencies return to normal after historic highs During the survey [...]

Categories: Credit Card Delinquencies
Citi credit card default rates tick upward

Citigroup reports an increase in the number of defaulted credit card payments in August 2011, the second month in a row that Citibank has seen this figure rise. At the same time, the rate of late payments to Citibank credit cards fell. Citibank defaults on the rise Citibank is known for its range of credit card rewards [...]

Categories: Credit Card Delinquencies, Citi Bank
TransUnion: Credit card delinquencies hit 18-month low

A recent TransUnion report reveals that credit card delinquency has continued to drop in the second quarter of 2011, marking what now amounts to a year and a half of falling delinquency rates. Although delinquency rates have been dropping for the past six quarters, the improvement in the second quarter of 2011 was still unexpected [...]

Categories: Credit Scoring / Reporting, Credit Card Debt / Debt collection, Credit Card Delinquencies
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