The TransUnion credit bureau has found that card delinquencyacross all card issuers is creeping higher.
The firm reported that bank card delinquency rate (the ratio ofbank card borrowers 90 days or more delinquent on one or more oftheir bank cards) increased to 1.32% in the first quarter of 2009,up 9.10% over the previous quarter. Year-over-year, bankcarddelinquencies increased 11.00% from 1.19% to 1.32%
Incidents of bank card delinquency were highest in Nevada(2.44%), followed closely by Florida (1.9%) and Arizona (1.68%).The lowest bank card delinquency rates were in North Dakota(0.73%), South Dakota (0.77%) and Alaska (0.77%). The District ofColumbia saw a quarter-over-quarter drop of 11.8% in bank carddelinquency.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
