Credit Card Late Payments On The Decline
Posted by maira | February 16th, 2012 | General Information
Several U.S. lenders have reported that the number of customers who make a late credit card payment dropped in January from December. These include big-named credit card issuers Bank of America Corp., J.P. Morgan Chase and Discover.
J.P. Morgan Chase – Delinquency rate for card loans packaged into securities fell to 2.45% in January from 2.48% in December.
Bank of America – Delinquency rate for securitized loans fell to 3.8% in January from 3.82% in December.
Discover – Delinquency rate fell to 2.31% in January from 2.32% in December.
Analysts say defaults are expected to continue to fall slowly but surely.
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Tags: Bank of America, Chase, credit card issuers, delinquency rate, Discover, j.p. morgan chase, late payments, late payments fees, u.s. lenders
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