According to a recent Experian analysis, bankcard balances increased 6% year over year to $629 billion in Q1 2015, while delinquencies remained low with 60–89 day-past-due delinquencies declining 8%.
As consumer behavior continues to improve, lenders should stay abreast of the latest credit trends in order to adjust lending strategies and capitalize on areas of opportunity.
>> Discover key steps to developing a profitable bankcard campaign
Learn how HomeFree-USA and Experian partner to expand financial education, strengthen communities and help consumers achieve homeownership.
ValidMind CEO Jonas Jacobi shares insights on AI, innovation and why Experian's partnership is helping shape the future of responsible AI.
Due to new federal student loan regulations, the families of undergrad and graduate students may look to private lenders to fill the gap.