U.S. Credit Card Delinquencies Hit an All-Time Low
The U.S. credit card delinquency rate reached an all-time low of 3.03% in November; the average charge-off rate rose by 0.17% to 5.38%....
Tag: credit card debt
Credit Card Debt Falls in 2011, so Do Credit Scores
Americans reduced credit card debt by 10% in the year to November, to $6,503; credit scores have fallen five points to 661 for the period....
Americans Take on More Credit Card Debt
The aggregate volume of U.S. consumer credit card debt rose by 0.6%, or $366.2 million, in October, the second consecutive monthly increase....
Credit Cards Back in Favor with Americans, Gain Ground on Debit
Growth in credit card usage has been accelerating in the first three quarters of 2011, while the exact opposite has been true for debit cards....
Americans Have Fewer Credit Cards, Lower Credit Limits
The number of open credit card accounts in 2011 Q3 is 23% below its 2008 Q2 peak and balances on those cards are 20% below their 2008 Q4 high....