Consumers choosing to spend more responsibly drove the credit card delinquency rate down to 0.6% at the end of the second quarter, the lowest level in 17 years, according to TransUnion.
"National credit card delinquency rates have fallen to levels not seen since 1994 as consumers continue to tighten their spending," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit. "More important and impactful to the decline in bank card delinquency are that consumers are using credit cards more responsibly; a large number of delinquent accounts have moved to charge-off status; and lenders remain conservative in their underwriting." Marketwatch
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Credit Card Delinquency Down to 17 Year Low
Diposkan oleh Pengetahuan dan Pengalaman on Tuesday, August 16, 2011