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How to Handle Charged-off and Delinquent Accounts

Delinquent and charged-off accounts are listed as derogatory items on your credit report, remain there for seven years and destroy your credit score.

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U.K. Credit Card Companies Suffer Record Losses in 2010 Q2

For US issuers, both credit card charge-offs and delinquencies have been falling steadily this year, while in the UK the direction is reversed.

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U.S. Credit Card Defaults Drop to 16-Month Low in July

Defaults on U.S. credit cards dropped to a 16-month low in July, with late payments on cards falling for all major credit card companies.

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U.S. Credit Card Balances, Late Payments Continue to Fall

Americans have reduced their revolving credit lines, comprised mostly of credit card balances, by 6.3% in July from June, a decrease of $4.4 billion.

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Data Show Decrease in Credit Card Debt is Mostly Due to Bank Charge-Offs

Issuers have been charging off about $20B per quarter from early 2009 through early 2010, about equal to the drop in outstanding credit card balances.

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U.S. Credit Card Delinquencies Hit a 23-Month Low

August marked the 23rd consecutive month in which the rate of credit card payments late by 60 days or more decreased; charge-offs rose slightly.

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Consumer Credit Card Use Falls for 24th Consecutive Month

Consumers have cut back on their outstanding revolving credit lines, mostly credit card balances, for the 24th month in a row, according to the Fed.

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U.S. Credit Card Defaults Fall to 18-Month Low

Credit card defaults, as well as early- and late-stage delinquencies have all dropped in September, while the monthly payment rate remained high.

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Consumer Credit Card Use Falls for 25th Consecutive Month

Americans reduced their credit card balances for the 25th month in a row in September, for a total decrease of $159.7 billion since August 2008.

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Consumer Credit Card Debt Falls for 27th Consecutive Month

US consumers have reduced their credit card balances by $4.2B in November from October, a decrease of 6.3% and the 27th consecutive month of decline.

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U.S. Credit Card Defaults Fall to 20-Month Low

Americans continued paying their credit card bills on time in December, with credit card defaults reaching their lowest level in 20 months.

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U.S. Credit Card Defaults Lowest in 23 Months

Americans continued paying their credit card bills on time in January, with credit card charge-offs reaching their lowest level in 23 months.

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U.S. Credit Card Defaults Lowest in 2 Years

Americans continued paying down their credit card debt in February, with credit card charge-offs dropping to their lowest level in 2 years.

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U.S. Credit Card Delinquencies Fall for 17th Consecutive Month

Americans continued paying their credit card balances on time in March. Each of the six biggest national credit card issuers reported lower rates of late payments and of credit card defaults for the...

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U.S. Household Debt Holds Steady in 2011 Q1

Aggregate debt held by U.S. households at the end of March was $11.5T, 0.3% higher than the level measured at the end of the previous quarter.

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U.S. Credit Card Delinquencies Fall for 18th Consecutive Month

Americans continued paying their credit card balances on time in April, with credit card delinquencies falling for the 18th consecutive month.

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U.S. Consumer Credit Card Debt Down to Lowest Level in 7 Years

The overall volume of US consumer credit card debt in April fell by 1.4%, or $1B, bringing the total to $790.1B, the lowest level since August 2004.

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Americans Spend More on Credit Cards, Pay on Time

Credit card spending in the U.S. grew in May, albeit more slowly than in previous periods, while both charge-offs and delinquencies fell again.

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U.S. Credit Card Charge-offs, Delinquencies Fall Again

Americans continued paying their credit card balances on time in May; the charge-off rate is now at its lowest level since February 2009.

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U.S. Credit Card Debt Up at Fastest Clip in 3 Years

The aggregate volume of U.S. consumer credit card debt in May rose by 5.1%, the fastest clip since June 2008, or $3.3B, lifting the total to $793.1B.

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