Consumer Payment Card News

Card Delinquency

Credit card delinquencies, based on total dollars outstanding, edged up slightly to 4.51% during the second quarter, and remain well above last year’s second quarter delinquencies of 4.08%. However, the number of past-due credit card accounts fell slightly to 4.04%, compared to a record high of 4.07% in the first quarter. The data are based on statistics gathered by the American Bankers Association for its quarterly “Consumer Credit Delinquency Bulletin.” The composite ratio of closed-end installment loans 30 days or more past due rose to 2.18% of all accounts from 2.12%, the highest since the fourth quarter of 2001. Home equity loan delinquencies rose to 2.48% from 2.02%, based on the number of accounts. Personal loan delinquencies rose to 3.17% in the second quarter from 3.13% in the previous quarter.

2Q CREDIT CARD DELINQUENCY HISTORY (based on total dollars outstanding)
2002: 4.08%     1998: 4.57%     1994: 3.06%     1990: 3.46%     1986: 3.83%     1982: 3.03%
2001: 4.13%     1997: 5.24%     1993: 3.86%     1989: 3.06%     1985: 2.88%     1981: 2.86%
2000: 3.54%     1996: 4.61%     1992: 4.19%     1988: 3.44%     1984: 2.80%     1980: 3.25%
1999: 4.10%     1995: 3.58%     1991: 4.48%     1987: 3.28%     1983: 2.81%
      Source: American Bankers Association Delinquency Bulletinov.

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