Long Decline in Credit Card Delinquency May Be Ending
Credit union card issuers, like card issuers overall, have enjoyed a relatively strong drop in credit card delinquency over the past few months as more consumers cut back on their spending and focus on paying off debt. But there are signs that trend may be reaching its end.
A website that specializes in tracking credit card trends and recommending consumer-friendly credit cards says the months long decline in credit card delinquency rates overall may have run its course. Card delinquency has slid sharply from its previous high in 2009.