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Delinquencies May Fall in 2011
The number of consumers falling delinquent on their mortgages and credit card debts will fall dramatically in 2011, according to a prediction by the credit bureau TransUnion. That could mean the...
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Reports: (Almost) Nothing But Good Economic News
Here’s something we haven’t seen in a while: Good news about the economy. Reports out this week find that private companies are hiring again, planned layoffs are down, CEOs are becoming more willing to...
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Consumers Continue to Improve on Credit Card Payments
The rate at which consumers fell behind on their various credit card payments, either for the first time or so severely that the account had to be considered uncollectable, slipped overall once again...
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Defaults Rise Slightly for Capital One
Since the end of the recession, consumers have been repeatedly cutting the rates at which they feel behind on their credit card payments and repeatedly failed to pay the bills, but that trend might be...
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Cardholders Charging Less, Making Payments on Time
Consumers are now handling their credit card accounts more responsibly after going half a year with more troubling statistics coming out about their spending and repayment habits. Instances of consumer...
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Big Drop in Mortgage Delinquencies
The rate at which consumers fell behind on their home loans declined considerably in the first quarter of the year, and now stand at levels not seen in years. The delinquency rate on home loans for...
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Loan Delinquencies Fall to Lowest Points Since Recession
The rate at which Americans fell behind on their outstanding loan balances for the first time continues to improve, and now stands at levels not seen since the start of the recent economic downturn....
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Delinquencies on FHA-Backed Loans Spike
Though consumers have generally been far more conscientious in paying down their mortgage debts on time and in full, a government agency has seen instances of delinquency rise sharply in the last year....
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Delinquency Drops Once Again in Second Quarter
Consumers have been very interested in cutting all of their late payments in the last several months or more, and seem to have been successful in doing so overall in the second quarter of the year....
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Real Estate Ray of Light: Shadow Inventory Declines
Roughly 2.3 million homes are in the shadow market, according to a report by data and analytics firm CoreLogic, which marks a considerable drop from where the inventory of these properties stood a year...
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Studies Show Consumer Debt Is Dropping
Many consumers across the country may have seen their finances improve in the last year or two, and many new statistics show just how far those developments are going to boost the economy in general....
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Consumers Taking Bigger Role in Protecting Their Credit
When it comes to consumers’ attitudes about credit, many have changed their approaches to keeping theirs healthy over the last few years. These days, experts are seeing more people with troubled credit...
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Late Payments on Credit Cards Jump in October
Consumers have been far more conscientious about making sure all their various loan and credit card bills are paid on time in recent months, but there was a slight uptick in late-stage delinquency in...
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Late Card Payments, Outstanding Balances on the Rise
Though millions of consumers across the country have made significant strides in getting their credit card debts under control since the end of the recent recession, some may still experience the...
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Consumers’ Default Rates Climbed Last Month
The rate at which consumers fall behind on their various credit accounts ticked upward in October after several months of declines, indicating that borrowers might be struggling a bit more these days....
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Consumers Fell Behind on Credit Card Payments in November
Borrowers’ credit card habits have changed drastically since the end of the recession, but as they’ve started carrying slightly more debt in recent months, default rates for some of the nation’s top...
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Uptick in Delinquencies on Car Loans, Credit Cards Predicted
In the time since the end of the recession, consumers have worked hard to get their finances back in order, and in many cases, they’ve been extremely successful. However, some experts believe that...
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Late Payments Slip in 3rd Quarter
The rate at which Americans fell 30 days or more behind on their payments, both for revolving and nonrevolving accounts, slipped in the third quarter of 2012 as borrowers continued to get their...
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Is There a Season for Delinquencies?
It may seem hard to believe, but right around the same time every year, a lot of people become delinquent on their auto loan payments. Using data from the Experian-Oliver Wyman Market Intelligence...
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Credit Card Delinquencies Hit 18-Year Low
Delinquency by consumers declined in the fourth quarter of 2012 and bank card delinquencies hit an 18-year low, according to the Consumer Credit Delinquency Bulletin by the American Bankers...
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