U.S. Credit Card Defaults Fall to Lowest Level in 4 Years
The U.S. charge-off rate fell to 4.98% in January, the lowest level since November 2007; the credit card delinquency rate rose slightly to 2.93%....
Tag: credit card delinquencies
Late Payments on Credit Cards Hit an All-Time Low in the U.S.
The U.S. credit card delinquency rate reached a new all-time low of 2.91% in December; the aggregate charge-off rate fell by 0.34% to 5.04%....
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%....
Fewer Americans Default on Credit Cards
Americans kept making their credit card payments on time in October; the average charge-off rate fell by 0.06% and is 3.69% lower than a year ago....
U.S. Credit Card Delinquencies Up, but still Near Record Lows
The U.S. credit card delinquency rate in Q3 2011 rose to 0.71%, but is still 14.45% lower than the Q3 2010 level; credit card debt is also down....