Credit Card Delinquencies Hit Record

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00010088-credit-card-delinquencies-hit-record/

By Jeanne Sahadi, CNN/Money

There was a record number of delinquent credit-card accounts reported in the second quarter, according to data released Wednesday by the American Bankers Association.

The ABA found that the 4.81 percent of credit-card accounts had payments that were past due by 30 days or more between April and June, up from 4.76 percent in the first quarter. The ABA first started tracking delinquencies in 1973.

The ABA also noted an increase in delinquent payments on personal loans, auto loans, home equity loans and lines of credit.

For this complete story, please visit Credit Card Delinquencies Hit Record.

Credit Card Delinquencies Hit Record

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About