Credit Card Delinquency, Default Slip Again for Most Lenders

Credit Cards

Credit Card Delinquency, Default Slip Again for Most Lenders

Credit Card Delinquency, Default Slip Again for Most Lenders

Since the end of the recent recession, consumers have been trying to keep various aspects of their finances under control, and that includes making sure they’re up to date with all their monthly bill payments. As such, instances of credit card delinquency and default slipped for most major lenders once again in May. Apart from American Express,... Read More

Is There a Season for Delinquencies?

Managing Debt

Is There a Season for Delinquencies?

Is There a Season for Delinquencies?

It may seem hard to believe, but right around the same time every year, a lot of people become delinquent on their auto loan payments. Using data from the Experian-Oliver Wyman Market Intelligence Reports and Experian’s IntelliView tool, we noticed a trend in auto loan delinquencies —  accounts 30-59 days delinquent have peaked in the fourth quarter and bottomed out... Read More

Late Payments Slip in 3rd Quarter

Managing Debt

Late Payments Slip in 3rd Quarter

Late Payments Slip in 3rd Quarter

The rate at which Americans fell 30 days or more behind on their payments, both for revolving and nonrevolving accounts, slipped in the third quarter of 2012 as borrowers continued to get their finances under control. The overall delinquency rate across many types of borrowing slipped to 2.16 percent of balances between July and September,... Read More

Uptick in Delinquencies on Car Loans, Credit Cards Predicted

Auto Loans

Uptick in Delinquencies on Car Loans, Credit Cards Predicted

Uptick in Delinquencies on Car Loans, Credit Cards Predicted

In the time since the end of the recession, consumers have worked hard to get their finances back in order, and in many cases, they’ve been extremely successful. However, some experts believe that trend may reverse itself next year. Currently, rates of delinquency and default on many types of loans are hovering at or near... Read More

Loan Delinquencies Fall to Lowest Points Since Recession

Personal Finance

Loan Delinquencies Fall to Lowest Points Since Recession

Loan Delinquencies Fall to Lowest Points Since Recession

The rate at which Americans fell behind on their outstanding loan balances for the first time continues to improve, and now stands at levels not seen since the start of the recent economic downturn. Delinquency on nearly all types of consumer credit continued to improve in the first three months of the year, driven largely... Read More

Why Consumer Credit Card Delinquencies Remain Low

Credit Cards

Why Consumer Credit Card Delinquencies Remain Low

Why Consumer Credit Card Delinquencies Remain Low

TransUnion, a national credit reporting agency, recently released findings that show an overwhelming number of people are paying their credit card bills on time and limiting how much they are charging. It may come as a surprise that credit card delinquencies (defined as 90 days past due—or more—on a payment) are at the lowest level... Read More

TransUnion: Eight Million Credit Card Users “Inactive”

Credit Cards

TransUnion: Eight Million Credit Card Users “Inactive”

TransUnion: Eight Million Credit Card Users “Inactive”

A new study from TransUnion claims that there are eight million inactive credit card accounts in the U.S. today. The whopping number of inactive accounts likely triggered a 24.6% slide in U.S. credit card delinquency rates, according to the TransUnion study. Financial demographics play a big role, too. Most of those eight million inactive card... Read More

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Our Owners

Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team