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Posts Tagged ‘credit card chargeoffs’

Good News!! Credit Card Delinquencies Declining

Posted by Larry Doyle on June 16th, 2010 1:30 PM |

In the midst of challenging twists and turns along our economic landscape, I find it heartening to come across a bit of positive news.

Declining credit card delinquencies should be juxtaposed to the fact that mortgage delinquencies continue to increase. That divergence indicates to me that American homeowners are making their card payments prior to their mortgage payments. Why? Banks will quickly pull their cards while working with homeowners to modify their mortgages and allowing them to remain in their homes for an extended period. (more…)

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