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

Late Payment Rates for Your County

Credit Cards

Late Payment Rates for Your County

Late Payment Rates for Your County

How many people in your county are missing their credit card payments? How many are late on their mortgages? How does it compare to the county next door?

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