Credit Card Forbearance Skews Portfolio Metrics
Credit card forbearance has driven 30+ day delinquency, among the nation’s Top 100 credit card issuers, to drop to levels not seen in more than 30 years. As a result, credit card delinquency plunged to the historic 2.00% level in the third-quarter (3Q/20), and dropping another 39 basis points (bps) from the prior quarter, according…