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 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 Tuesday’s report by S&P Dow Jones Indices and Experian. Collection & Credit Risk

By |2015-02-22T16:09:11-06:00February 22nd, 2015|FCRA|Comments Off on Credit Default Rates Continue Acceleration

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

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

By |2014-10-23T20:11:00-05:00October 23rd, 2014|FDCPA|Comments Off on Overall Default Rates Rise; Card Rate Drops Again

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

By |2014-09-11T05:40:15-05:00September 11th, 2014|FCRA|Comments Off on Auto Loan Delinquency Rates, Debts Accelerate: Report

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

By |2014-09-07T04:05:43-05:00September 7th, 2014|FCRA|Comments Off on Consumers Taking Out Auto Loans at Record Rates

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