National Credit Default Rates Flat Despite Jump in Bank Card Defaults
A measure of consumer credit defaults released Thursday by S&P Dow Jones and Experian shows a downward trend. Collection & Credit Risk
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
Credit Default Rates Continue Acceleration
Consumer credit default data through January shows a slight upward move in default rates from lows experienced last year, according to Tuesdays report by S&P Dow Jones Indices and Experian. Collection & Credit Risk
New Data Lists States with Highest Card Delinquency Rates
In the U.S., 1.7% of credit card accounts are more than 30 days past due, which includes people who have let their bills go unpaid for more than 60 and 90 days, according to new data. Collection & Credit Risk
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
Overall Default Rates Rise; Card Rate Drops Again
Consumer credit default ranks showed an uptick in September, according to the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults. Collection & Credit Risk
Consumer Default Rates Reverse Downward Trend
Consumer default rates rose slightly in August, reversing a downward trend, according to the latest S&P/Experian Consumer Credit Default Indices. Collection & Credit Risk
Auto Loan Delinquency Rates, Debts Accelerate: Report
Auto loan delinquency rates rose more than 9% in the second quarter ended June 30 versus the same period last year while auto loan debts rose for the 13th straight quarter, according to TransUnion. Collection & Credit Risk
Consumers Taking Out Auto Loans at Record Rates
A record number of consumers took out loans to buy cars in the second quarter, fueled by people purchasing used vehicles, according to data from Experian Plc. Collections & Credit Risk
CFPB Issues Stark Warning to Card Lenders About Promotional Rates
WASHINGTON -- The Consumer Financial Protection Bureau issued a warning Wednesday to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates. Collections - Credit Card
