Credit trends from the most recent Experian–Oliver Wyman Market Intelligence Report point to a steady economic recovery. Bankcard charge-offs decreased 13 percent year over year (4.5 percent versus 3.9 percent) and delinquent dollars for the 90–180 day past due delinquencies decreased 17.5 percent for the same timeframe (1.6 percent to 1.3 percent). These trends are a positive sign for overall economic recovery and evidence that the current growth in bankcard originations is not coming at the expense of increased delinquencies.
Loading...
Bankcard delinquencies decrease year over year
Related Posts
In Experian’s recent perspective paper, Preventing synthetic identity fraud, we explore how SID differs from other types of fraud and how to prevent it.
We’ve entered a new era of loss forecasting. Previously built models are no longer sufficient for the changes in economic conditions due to COVID-19.
Experian and Oliver Wyman have joined forces to launch Ascend CECL Forecaster to help financial institutions of all sizes forecast lifetime credit losses.