Debt Relief Center.org
The Debt Relief Center asks a few simple question so that we may understand your current situation

No suitable video player available.
Your Free Debt Savings Estimate
  • It's fast and convenient
  • It's your right to get relief
  • Your savings may surprise you
  • It's free, no commitment
See Savings
Your Free Debt Relief Savings Estimate only
takes a few minutes and will not affect your credit.

Credit Card Delinquencies Fall

Share this on:

Credit card delinquencies have fallen. A recent report by TransUnion showed the rate of credit card delinquencies are at their lowest point since 1996.

The national credit card 90-day delinquency rate for consumers with at least one card in delinquency fell to 0.74 percent during the first quarter of 2011. This is almost a 10 percent drop from the fourth quarter of 2010, where the rate was at 0.82 percent. In addition, the rate is more than 30 percent lower than one year ago, when it was 1.11 percent.

The rate has not been this low since the third quarter of 1996, when delinquencies were at 0.76 percent.

"Two big reasons for the decrease in credit card delinquency are that consumers continue to deleverage, and lenders are still conservative in how they extend new card credit," said Ezra Becker, vice president of research and consulting for TransUnion's financial services business unit.

The drop in 90-day delinquencies may be a sign that cardholders are beginning to get a handle on their credit card debt. This is also positive news for the economy, as consumer confidence begins to rise, the economy may get stronger.

Timely articles written by the Editors at DRC

New government regulations in place for consumers in need of debt relief for credit cards and other unsecured debts.