Credit Card Delinquency Heading to 7-Year Highs

Third-quarter card delinquency, among the nation’s top four credit card issuers, continued to march upward, now hovering at levels not seen in seven years. It is the highest level for a third-quarter since 2013 and rose significantly from the prior quarter. Noteworthy is the fact all four of the nation’s top bank credit card issuers posted sequentially gains in delinquency. On an annual basis, all but Capital One, posted gains. Capital One has been tightening in its sub-prime market segment for . . . .

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See Also: chase, capital one, citibank, bank of america, delinquency, economy, spending, payments, recession

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CF - Delinquency