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Credit Card Delinquencies Decrease According to TransUnion

According to an analysis by TransUnion, one of the three U.S. credit bureaus, credit card delinquencies in the third quarter saw a decrease of six percent in comparison to the previous quarter.

The highest rates of delinquency were seen in Nevada (1.98 percent), Florida (1.47 percent), and Arizona (1.35 percent). Those three states are also among the four states with the highest rates of foreclosure. Adding in California, the four states had 43 percent of all foreclosures started in the third quarter, according to the Mortgage Bankers Association.

TransUnion said that the credit card delinquency rate, borrowers 90 days or more delinquent on one or more of their bank-issued credit cards, across the U.S. saw a decrease to 1.10 percent in the third quarter of 2009, which was a decrease of 5.98 percent from the previous quarter. In the year-to-year comparison, however, credit card delinquencies remained flat from 1.09 percent in the third quarter of 2008.

Average credit card borrower debt, the total owed on all bank-issued credit cards for an individual, slightly decreased across the U.S. 1.87 percent to $5,612 from $5,719 in the previous quarter and decreased 1.71 percent from $5,710 in the third quarter of 2008.

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