financial services

Website: Credit card holders paying on time

Posted 4/9/13

BIRMINGHAM, Ala. – More credit card holders are paying their bill on time, as shown by the lowest credit card delinquency rate in 18 years, according to the website lowcards.com.

The delinquency rate for credit card accounts peaked at 5.01 percent in 2009, according to a press release on the website.

The number of accounts 30 days or more overdue dropped to 2.47 percent in the fourth quarter of 2012, according to American Bankers Association figures cited by lowcards.com. That was down from 2.75 percent of accounts 30 or more days overdue in the third quarter of 2012.

The drop in the delinquency rate is attributed part to lending institutions lowering the credit limit on many accounts and tightening lending standards.

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement