Consumer Credit Card Use Falls for 25th Consecutive Month
Americans reduced their credit card balances for the 25th month in a row in September, for a total decrease of $159.7 billion since August 2008....
Tag: credit card debt
Consumer Credit Card Use Falls for 24th Consecutive Month
Consumers have cut back on their outstanding revolving credit lines, mostly credit card balances, for the 24th month in a row, according to the Fed....
Data Show Decrease in Credit Card Debt is Mostly Due to Bank Charge-Offs
Issuers have been charging off about $20B per quarter from early 2009 through early 2010, about equal to the drop in outstanding credit card balances....
Credit Availability Still Way Short of Consumer Demand
Access to credit is still very difficult for most Americans and lenders are likely to keep it short of demand through the end of 2010....
U.S. Credit Card Defaults Drop to 16-Month Low in July
Defaults on U.S. credit cards dropped to a 16-month low in July, with late payments on cards falling for all major credit card companies....