Americans’ Credit Card Payments Timeliest in 17 Years
The U.S. consumer credit card delinquency rate in Q2 2011 fell to 0.6%, 18.9% lower than the Q1 2011 level and the best showing in 17 years....
Tag: credit card debt
U.S. Household Debt Falls, but Very Slowly
Aggregate debt held by U.S. households in Q2 2011 fell by 0.4% from the previous quarter; balances on most loan types fell, but by very small amount....
Americans Continue Paying Down Credit Cards before Mortgages
Americans are now making their credit card payments on time at a substantially higher rate than in 2007; the inverse is true for mortgage payments....
U.S. Credit Card Debt Up Sharply
The aggregate volume of US consumer credit card debt rose by 7.9%, or $5.2B, in June, the fastest rate since March 2008, lifting the total to $798.3B....
Falling Credit Card Debt Result of Higher Consumer Payments, not Charge-offs
While issuers charged-off huge amounts in the first 2 years after the meltdown, consumers are now repaying credit card balances at record-high levels....