Bankcard delinquencies decrease year over year

Published: November 9, 2013 by admin

Credit trends from the most recent Experian–Oliver Wyman Market Intelligence Report point to a steady economic recovery. Bankcard charge-offs decreased 13 percent year over year (4.5 percent versus 3.9 percent) and delinquent dollars for the 90–180 day past due delinquencies decreased 17.5 percent for the same timeframe (1.6 percent to 1.3 percent). These trends are a positive sign for overall economic recovery and evidence that the current growth in bankcard originations is not coming at the expense of increased delinquencies.

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Source: Data for this article was sourced from Experian’s IntelliViewSM, a Web-based data query, analysis and reporting tool.

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