Americans Pay down Auto Loans before Credit Cards and Mortgages
Americans gave clear preference in 2011 on remaining current on their auto loans, rather than on their credit cards and mortgages....
Tag: credit card debt
U.S. Credit Card Delinquencies Fall to Lowest Level Ever
The U.S. charge-off rate fell to 4.97% in February, the lowest level in 4 years; the credit card delinquency rate dropped to 2.86% -- the lowest ever....
Why Americans Slash Credit Card Debt, Even as Overall Indebtedness Rises
Americans are using their credit cards more freely than at any time since the financial crisis struck, but they are also repaying them much faster....
Americans Look for, Get More New Credit Cards
The number of open credit card accounts rose in 2011 Q4, but is still 22% below its 2008 Q2 peak and balances are 19.1% below their 2008 Q4 high....
U.S. Credit Card Defaults Fall to Lowest Level in 4 Years
The U.S. charge-off rate fell to 4.98% in January, the lowest level since November 2007; the credit card delinquency rate rose slightly to 2.93%....