February 2010   |   Issue 20 Blog
Credit Cornerstone Weekly Credit Trends and Data Intelligence
New bankcard account delinquency
trends worsen

February 25, 2010

Delinquency levels for newly opened bankcard accounts continue to rise amid the struggling economy. Ninety-day late or greater delinquency rates for VantageScore® near-prime consumers with accounts open less than a year increased from 0.93 percent to 1.36 percent from Q4 2006 to Q4 2008.  An increase also was seen for VantageScore prime and superprime consumers, with delinquency rates on recently opened accounts increasing from 0.13 percent of bankcard accounts to 0.25 percent of bankcard accounts during the same two-year window.

Interested in more information?
Read more in December issue of the VantageScore® Newsblast

Source: Experian–Oliver Wyman Market Intelligence Reports

VantageScore® is owned by VantageScore Solutions, LLC.

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