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Article: TransUnion.com Quarterly Credit Card Analysis Reveals That National Credit Card Debt and Loan Delinquencies Drop For First Time Since Beginning of 2007.
- Article from:
- PR Newswire
- Article date:
- June 18, 2008
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CHICAGO, June 18 /PRNewswire/ -- TransUnion.com released today the results of its analysis of trends in the credit card lending industry for the first quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion's Web site.
Statistics
For the first time since the beginning of 2007, average credit card debt and national credit card loan delinquency (the ratio of borrowers 90 or more days past due) experienced statistically relevant quarterly declines.
National average credit card debt per credit card borrower dropped ...