Credit Card Balances at Seven-Year High; Delinquency Rates Hold Steady

The credit card delinquency rate remained steady in Q4 compared with a year earlier, while total outstanding credit card balance increased 5%. The increase indicates record growth, the highest yearly jump seen since 2008, according to a TransUnion report. Collection & Credit Risk

By |2015-02-28T18:21:48-06:00February 28th, 2015|FCRA|Comments Off on Credit Card Balances at Seven-Year High; Delinquency Rates Hold Steady

Credit Card Balances Growing Amid Stable Delinquency Rates

The latest TransUnion Industry Insights Report found that total outstanding credit card balances increased by 4.3% in Q3 2014 from Q3 2013. It signals the second consecutive quarter of significant annual growth and it constitutes the highest growth rate observed since Q4 2008. Collection & Credit Risk

By |2017-05-20T11:45:16-05:00November 25th, 2014|FDCPA|Comments Off on Credit Card Balances Growing Amid Stable Delinquency Rates

Auto Loan Balances Reach Record High

Total outstanding U.S. auto loans reached a record high of $ 902.2 billion through April, an increase of more than 10% from the same time a year earlier, according to the latest Equifax National Consumer Credit Trends Report released Thursday. Collections - Credit Card

By |2014-07-26T11:48:32-05:00July 26th, 2014|FDCPA|Comments Off on Auto Loan Balances Reach Record High

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