Capital One Delinquency and Default Rates Drop
More Capital One credit card customers paid their bills on time last month. The issuer’s delinquency rate–the percentage of accounts 30 or more days overdue–on U.S. cards declined in December, from...
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Bank Credit Card Delinquencies Hit 18-Year Low
The delinquency rate on credit cards issued by banks fell to an 18-year low, according to the latest data found in the American Bankers Association Consumer Credit Delinquency Bulletin. Data for the...
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Delinquent Student Loans Climbing Fast
A new FICO study reveals that student loan debt has increased dramatically and the default rates on these loans are now much higher than previous years. These loans pose a greater risk now due to the...
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Credit Card Delinquency Rates Fall Again
Credit card delinquency rates fell again in March as consumers continue to pay down credit card debt in a timely manner. Five of the top six credit card issuers reported lower delinquency rates in...
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Consumers Now Managing Credit Card Accounts Remarkably Well
A record number of consumers are paying their credit card bills on time as well as paying a greater percentage of their monthly balance. These were some of the findings from the February data from...
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Alarming Number of Student Loans Are Delinquent
For the second time this week, a study by a credit agency shows delinquency rates on student loans are climbing. According to a TransUnion study, more than half of student loans are in deferred status...
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Average Credit Scores Reach an 8-Year High
According to the 10th annual State of Credit report from Experian, the average VantageScore credit score in America has now increased to 682. Credit scores have been steadily on the rise for the last...
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Number of Credit Inquiries Hits Lowest Level Since 2003
The Federal Reserve Bank of New York released the Quarterly Report on Household Debt and Credit for the fourth quarter of 2018. The research found that total household debt rose to $13.54 trillion, an...
View ArticleLowCards.com Weekly Credit Card Update–September 22, 2017
Why The United States Was Wide Open To A Disaster Like Equifax More than sloppy cybersecurity measures, the massive data breach uncovered at Equifax revealed inherent flaws in the U.S.: the...
View ArticleCredit Card Delinquencies on the Rise
U.S. banks and card companies reported a rise in the credit card delinquency rates in August, the second consecutive monthly increase after four months of decreases. While rates are still below those...
View ArticleLowCards.com Weekly Credit Card Update–September 23, 2016
Prepaid Cards’ Growing Popularity Catches Regulator’s Eye Prepaid cards, which started out as simple gift cards from retail stores, have morphed into popular financial-management tools with functions...
View ArticleSubprime Credit Card Limits Reach 5-Year High
Total credit card limits for the subprime market reached a five-year high during the first half of 2016, according to the Experian Market Intelligence Brief. These limits are now at $6.4 billion for...
View ArticleIncreased Credit Card Debt Boosts Overall Household Debt in America
Household debt in the United States increased to $12.29 trillion in the second quarter of 2016, up 0.3% from the previous quarter, according to a report from the Federal Reserve Bank of New York. The...
View ArticleCredit Card Delinquencies Remain Steady, Despite 15 Million New Accounts
The latest TransUnion Industry Insights Report reveals credit card debt and delinquency rates have remained steady compared to last year, despite the addition of 15 million new card accounts in...
View ArticleTop 10 Credit Card Stories of 2013
Identity theft and actions by the Consumer Financial Protection Bureau dominated the credit card headlines in 2013. Below are the Top 10 news stories of the year in the credit card industry. One of the...
View ArticleAuto Loans Reach 57-Month High
According to recent reports from Equifax, the total number of outstanding auto loans in America was more than 61 million as of August 2013. This represents a 57-month high for the country. The total...
View ArticleCredit Card Delinquency Rates Fall Again
Credit card delinquency rates fell again in March as consumers continue to pay down credit card debt in a timely manner. Five of the top six credit card issuers reported lower delinquency rates in...
View ArticleConsumers Now Managing Credit Card Accounts Remarkably Well
A record number of consumers are paying their credit card bills on time as well as paying a greater percentage of their monthly balance. These were some of the findings from the February data from...
View ArticleAlarming Number of Student Loans Are Delinquent
For the second time this week, a study by a credit agency shows delinquency rates on student loans are climbing. According to a TransUnion study, more than half of student loans are in deferred status...
View ArticleDelinquent Student Loans Climbing Fast
A new FICO study reveals that student loan debt has increased dramatically and the default rates on these loans are now much higher than previous years. These loans pose a greater risk now due to the...
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