U.S. Credit Card Delinquencies Hit a 23-Month Low
August marked the 23rd consecutive month in which the rate of credit card payments late by 60 days or more decreased; charge-offs rose slightly....
Tag: credit card delinquencies
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....
U.S. Credit Card Balances, Late Payments Continue to Fall
Americans have reduced their revolving credit lines, comprised mostly of credit card balances, by 6.3% in July from June, a decrease of $4.4 billion....
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....