Tag: credit card statistics
The overall volume of credit card debt in January decreased by 6.4%, or $4.2B, bringing the total down to $795.5B, the lowest level in six years....
The average American consumer carried $4,284 in outstanding credit card debt in December 2010, a drop of 4% from the same month in 2009....
The U.S. credit card delinquency rate in Q4 2010 fell to 0.82%, a level lower by close to 32% from the rate during the same period in 2009....
Americans continued paying their credit card bills on time in January, with credit card charge-offs reaching their lowest level in 23 months....
U.S. consumer credit card debt grew in December by 3.5%, or $2.3 billion, to a total of $800.5 billion, after 27 consecutive months of decline....