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

Wealth Gap in the U.S. Hits All-Time High

The gap between high income and middle- and lower-income families' wealth is growing as the economy recovers from the economic downturn, according to a study. Collection & Credit Risk

By |2015-01-15T02:11:39-06:00January 15th, 2015|FCRA|Comments Off on Wealth Gap in the U.S. Hits All-Time High

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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