Protecting yourself, Research, regulation, industry reports

TransUnion says credit card debt, delinquency rose in late ’07

Jeremy Simon

Credit bureau TransUnion said that both credit card debt and delinquency increased in the final months of last year.

During the fourth quarter of 2007, TransUnion reported that the national average credit card debt per bank card user increased 4.81 percent from the prior quarter to $1,694. As debt rose, so did delinquency: The percentage of bankcard users 90 or more days past due reached 1.36 percent. That marked a 32.04 percent surge in delinquency from the prior three months.

In January, the American Bankers Association said that credit card delinquencies headed lower in the third quarter.

The TransUnion credit card data, initially reported earlier this month, was re-released along with an analysis of fourth-quarter mortgage industry trends.

Credit card delinquency may head still higher, according to TransUnion. By year’s end, the national 90-day bank card user delinquency rate is projected to reach 1.9 percent.

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, we ask that you do not disclose confidential or personal information such as your bank account numbers, social security numbers, etc. Keep in mind that anything you post may be disclosed, published, transmitted or reused.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.