Tag Archives: Delinquency Rates

“Plumes of smoke” in the form of rising delinquency rates are starting to rise through the ranks of the credit card sector, but whether that smoke will turn to fire and lead to more defaults and placements within the accounts receivable management industry is still too early to determine. The …

The total amount of household debt in the United States has topped $15 trillion for the first time, and delinquency rates on most types of consumer credit continued their downward trend — largely due to measures put into place during the COVID-19 pandemic — but there was still more than …

The Consumer Financial Protection Bureau has updated a report it first released last year that detailed the delinquency rates on major types of credit in order to illustrate how consumers were being financially affected by the COVID-19 pandemic. Now looking at data through the end of April 2021, the CFPB’s …

A day after it was reported that more consumers are paying off their credit balances than at any point this century, a number of financial institutions are planning on sharing data to help consumers without credit scores gain access to credit cards and other types of loans, according to a …

While the total amount of household debt continues its march upward, the amount of credit card debt had a huge decline during the first quarter of 2021, according to data released yesterday by the Federal Reserve Bank of New York, and coincides with a published media report that discusses how …