A new study finds that cardholders between the ages of 40 and 44 are 12% more likely to go seriously delinquent on a credit card than a cardholder age 19.
Credit cardholders who routinely pay only their monthly minimums present double the credit risk as those who pay more, even if only slightly more, according to a new study.
Credit reporting firm TransUnion reported Aug. 13 that the ratio of credit card accounts that are more than 90 days past due dropped to 0.57% in the second quarter of 2013, down from 0.63% in the second quarter of 2012. That 0.57% is only one basis point from the all-time...
Second-quarter 90-day delinquent rate only one basis point from all-time record, credit bureau says.
Bill Hardekopf, CEO of LowCards.com, says credit cardholders have started to use their cards more while staying current on their accounts.
The rate at which credit card loans have to be written off has fallen sharply since 2010, according to Equifax, one of the three nationwide credit reporting bureaus.