Consumers have returned to payment patterns that were typical before the Great Recession, according to one of the three nationwide credit reporting bureaus.
Return to pre-recession payment pattern noted by credit bureau.
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...
National delinquency rate at 0.8% in second quarter, credit bureau says.
Second-quarter 90-day delinquent rate only one basis point from all-time record, credit bureau says.
Credit rater introduces the idea of the Total Payment Ratio, finds some partial and full balance card payers are better overall risks.
Filene Research Institute gets Del Norte, Dupaco Community involved in i3 project.
An increase in delinquencies among subprime borrowers has been the primary driver behind a rise in the national auto loan delinquency rate.
For some credit unions, the recipe for high auto loan volumes is a mix of strong relationships with dealers, fast response times and a dedicated staff.