Loading...

Subprime credit card limits highest in 5 years — to the tune of $6.4 billion

Subprime and deep-subprime card limits increased in the first six months of 2016, while the 60+ day delinquency rate decreased by 6%.

Overall, consumers have been meeting their payment obligations — delinquency rates decreased by 43% from Q2 2011 to Q2 2016. When looking at year-over-year comparisons, the overall consumer delinquency rate increased by 7%. Despite this increase, the delinquency rate for subprime and deep-subprime consumers remained relatively flat.

Don’t make decisions in the dark. Get a complete picture of consumer credit trends to make sound, profitable business decisions.

>> The Market Intelligence Brief: Access the latest consumer credit trends

6.4B