U.S. Credit Card Defaults Keep Falling
U.S. credit card charge-offs fell to 4.11% in September; the delinquency rate rose to 2.39%; the monthly payment rate fell to 22.07%....
Tag: credit card delinquencies
U.S. Credit Card Charge-offs, Delinquencies Keep Falling
US credit card charge-offs fell to 4.19% in August; the delinquency rate dropped to 2.32% - the lowest ever; the monthly payment rate rose to an all-time high....
With Credit Card Losses at Record-Lows, Issuers Are Raking It In
U.S. card issuers have sold about $21B of bonds backed by credit card payments so far this year, up from $4.8B last year; and that's a good thing....
Americans Get More Credit Cards, Pay on Time and Keep Balances Low
The U.S. credit card delinquency rate in Q2 2012 fell to 0.63%; Americans are getting more new credit card accounts, but keep outstanding balances low....
’90 Percent of the Credit Card Lawsuits Are Flawed’
In 90% of the credit card lawsuits, the creditors present flawed evidence and yet, 95% of them result in default judgments in favor of the creditors....