Credit Card Delinquencies Plunged in Third Quarter
The ratio of bankcard borrowers 90 days of more delinquent on one or more their credit cards fell 24.6% year-on-year in the third quarter, according to TransUnion.
More than 8 million consumers stopped actively using bank-issued general-purpose credit cards.
The two states with the largest quarter-on-quarter drop in credit card delinquency were Alaska (-19.2%) and Nebraska (-17.6%).
Only Washington, DC and Mississippi had increases in credit card delinquency.