Credit Card Delinquency

Credit Card Delinquency and Charge-Offs for Big 6 Pull Off a Bad Q4 Hat Trick

The average late stage credit card delinquency (90+ day) among the nation’s six largest issuers edged up eight basis points (bps) sequentially, to 1.13% for the fourth quarter (4Q/18), and up three bps from one-year ago (YOY). The average U.S. 90+ day delinquency rate among the Big 6 issuers (Chase [JPM], Capital One [COF], Bank…

Big 6 Credit Card Issuers Delinquency

Top Credit Card Issuers Face Acclivity in Early Stage Delinquency for 2019-2020

Early stage delinquency (30+ days) among the nation’s Big 6 issuers inched up by nine basis points (bps) sequentially in the fourth quarter (4Q/18) to 2.08%, and up by seven bps year-on-year (YOY). According to CardData, the average U.S. 30+ day delinquency rate among the Big issuers (Chase [JPM], Capital One [COF], Bank of America…

90+ Day Credit Card Delinquency

90 Day Credit Card Delinquency Sets 4-Year High Among Top 4 in Q4

The average 90 day credit card delinquency ratio, among the nation’s Top 4 issuers, jumped 10 basis points (bps) sequentially, and up three bps year-on-year (YOY) for the fourth quarter (4Q/18). Late stage (90+ day) delinquency, the precursor of charge-offs, also rose by six bps among the peer group in 4Q/18. Early stage delinquency (30-89 days)…

Early Stage Credit Card Delinquency

Early Stage Delinquency Rises Among Top 4 Credit Card Issuers

Early stage delinquency (30+ days) for the third quarter (3Q/18), among the nation’s Top 4 issuers, increased 19 basis points (bps) sequentially, and declined year-on-year (YOY) by 1 bps. According to CardData, the average rate among the top four issuers (Chase, Capital One, Bank of America, Citibank) was 2.26% for 3Q/18, compared to 2.07% for…

U.S. Credit Card PDV Big 6 Issuers

Late Stage Q2 Credit Card Delinquency Hovers at 1.00% for Big 6 U.S. Issuers

The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers edged up 2 basis points (bps) sequentially, to 1.00% for the second quarter (2Q/18), and down 8 bps from one-year ago (YOY). The 90+ day delinquency crossed the 1.00% milestone in 4Q/16, the first since 2009. The Chase 90+…

Credit Card Q2 Delinquency Stabilization Evident Among All Banks — Not Limited to Top 4 Issuers

The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the second quarter (2Q/18) increased seven basis points (bps) sequentially (Q2Q), and flat year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 2Q/18, decreased 19 bps Q2Q and down 19…

Early Stage Credit Card Delinquency

Top 4 U.S. CC Issuers Q2 30+ Day DEL Edges Down 4 bps YOY

Average early stage delinquency (30+ days) for the second quarter (2Q/18), among the nation’s Top 4 issuers, decreased 17 basis points (bps) sequentially, and declined year-on-year (YOY) by 4 bps. The nation’s largest issuer, Chase, reported delinquency increased to 1.65% in 2Q/18, compared to 1.82% for 1Q/18 and 1.59% for 2Q/17, a 6 bps gain…

Across-the-Board U.S. Consumer Loan Delinquency is Trending North

While data from many sources, including the Federal Reserve and CardData, show an upward trend in credit card late payments for the past five quarters, overall delinquencies rose in 7 of the 11 individual consumer loan categories tracked by the American Bankers Association (ABA). The ABA composite ratio, which tracks delinquencies in eight closed-end installment…