Credit Card Loan Delinquencies Decline in First Quarter
Texas Banking › Vol. 96 Nbr. 8, August 2007
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Summary
Credit card loan delinquencies declined the first quarter of 2007, according to the American Bankers Association's Consumer Credit Delinquency Bulletin. Late payments on credit cards were 4.41% of all accounts in the first quarter, compared to 4.56% in the fourth quarter of 2006. The number of delinquent accounts in the composite ratio, which tracks eight closed-end installment loan categories, increased to 2.42% from 2.23%. This ratio has trended upward for the past year, reaching levels not seen since 2001.
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Extract
Credit Card Loan Delinquencies Decline in First Quarter
Credit card loan delinquencies declined the first quarter of 2007, according to the American Bankers Assoc...
See the full content of this document
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