Home >> Info On: credit card debt

The Latest News about credit card debt

Alaska, Connecticut Hold Highest Average Credit Card Balances; Iowa and Wisconsin Lowest

An Austin, Texas company released a study Wednesday that reveals which U.S. states hold the most credit card balances relative to the average incomes residents in those states earn. The Upgraded Points study underscores that an average 41.2 percent of Americans do not pay off their balances in full each month. Upgraded Points used the data compiled from each state ...

Read More »

Retail credit card delinquency highest since 2011


Delinquency rates on private label retail credit cards rose 57 basis points to 4.65 percent over March 2017 on outstanding balances of $81.7 billion, which are up 0.8 percent from a year ago. Delinquencies have been rising steadily, on a seasonal basis, since 2013 and are now at their highest level since early 2011, according to data from the latest Equifax (NYSE: EFX) National Consumer ...

Read More »

Report: Bank Card Defaults Highest in 6 years despite strong economy

S&P Dow Jones Indices and Experian released today data for 2018 through April for their Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate decreased four basis points to 0.92%. The bank card default rate rose eight basis points to 3.86%. The auto loan default rate fell six ...

Read More »

Americans On Pace to Amass a Collective $4 Trillion in Consumer Debt by the End of 2018


Analysis of the latest Federal Reserve data found that despite a recent pause in credit card balance increases, Americans are on pace to amass a collective $4 trillion in consumer debt by the end of 2018. Collectively, Americans owe more than 26 percent of their income on consumer debt, up from 22 percent in 2010. Incomes growing, but consumer borrowing growing faster ...

Read More »
echo 'Sponsored Content'; echo '
Sign up for our Newsletter

* indicates required field

Email Format