[lbo-talk] Credit Card Loan Delinquencies Reach Record High

Mark S bunyak1 at hotmail.com
Mon Oct 3 14:54:00 PDT 2005


It's notable that the value of delinquencies relative to outstanding CC debt is fallling but the number of delinquencies is at a record high. Lots of lower-income, lower-debt, card holders must be failing to make their payments all of a sudden. Gas prices finally pushing people over the edge?

http://www.aba.com/Press+Room/092805DBULL.htm

CREDIT CARD LOAN DELINQUENCIES REACH RECORD HIGH IN SECOND QUARTER 2005

WASHINGTON, Sept. 28 – Credit card loan delinquencies reached a record high of 4.81 percent of accounts in the second quarter of this year, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin.

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