Entries in TransUnion (2)


Americans Carrying More Credit Card Debt, Report Finds

Comstock/Thinkstock(NEW YORK) -- Americans are carrying more credit card debt and being less careful about making payments on time, according to a new report from TransUnion.

The credit reporting firm said the average credit card debt per borrower rose to $4,996 in the third quarter of 2012 -- a 4.91 percent increase from a year earlier.

Late credit card payments also went up between July and September.  The rate of borrowers who were at least 90 days overdue climbed to 0.75 percent from 0.71 percent in 2011.


"Credit card delinquencies are following a pattern similar to what we observed in 2011, with declines in the first two quarters of the year followed by an increase in the third," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit.  "That seasonal consistency is encouraging."

"Credit card debt trends in 2012 also are mirroring 2011, with a decrease in the first quarter followed by two increases over the next six months.  With both delinquencies and debt levels remaining quite low relative to historical norms, we are confident in the continued stability of credit card usage patterns in the short term," Becker added.

Copyright 2012 ABC News Radio


TransUnion Reports Decrease in Credit Card Delinquency, Debt 

Getty(CHICAGO) -- More people now qualify for credit cards, even if they don’t have a stellar credit history.

TransUnion, the credit reporting firm, says banks are issuing more cards, and fewer people were 90 or more days late on their payments in the first quarter of this year.

"After two consecutive quarters of increases in both the delinquency rate and average debt, it is encouraging to see a return to declines in delinquency," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit. "This contributed positively to a general trend since the bottom of the recession, which saw delinquency rates remain at near-record lows."

The number of new cards sent out to consumers last year rose by more than 20 percent versus 2010.

Copyright 2012 ABC News Radio

ABC News Radio