Average US Credit Card Debt Per Borrower Up In Third Quarter

4 years 2 weeks 5 days ago November 18, 2012 Nov 18, 2012 Sunday, November 18 2012 Sunday, November 18, 2012 10:44:00 PM CST in News
Source: Associated Press
By: Associated Press

LOS ANGELES (AP) - An analysis of consumer-credit data shows that Americans are carrying more credit card debt and being less diligent about making payments on time.

Credit reporting agency TransUnion said Monday that the average credit card debt per borrower in the U.S. grew 4.9 percent in the third quarter from a year earlier.

Meanwhile, the rate of credit card payments at least 90 days overdue rose to 0.75 percent, up from 0.71 percent in the third quarter of last year.

While higher, the late payment rate is inching higher from historically low levels.

That suggests that most cardholders continue to prioritize their card payments over other financial obligations, such as their mortgage.

TransUnion forecasts that severe delinquency rates on cards will remain near current low levels in the fourth quarter.

 

More News

Grid
List
JEFFERSON CITY - The Missouri Department of Transportation reported Wednesday a rise in pedestrian deaths in Missouri. It said nearly... More >>
3 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 6:57:00 PM CST in Top Stories
SPRINGFIELD (AP) — A southwest Missouri jury has convicted a 41-year-old Springfield man in the 2014 death of a 21-year-old... More >>
3 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 6:55:33 PM CST in News
MILLER COUNTY - A woman died after a rollover crash early Wednesday morning on Route A. Missouri State Highway... More >>
3 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 6:36:00 PM CST in News
JEFFERSON CITY (AP) — Missouri's Republican House Speaker Todd Richardson is calling for an investigation of the state Department of... More >>
4 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 5:23:42 PM CST in News
COLUMBIA - Black women have many beauty products to pick through, but not all products are safe according to a... More >>
5 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 4:47:00 PM CST in News
JEFFERSON CITY – A U.S. district judge sentenced a Columbia man Wednesday for child sex trafficking. Kenyata Miles, 35,... More >>
5 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 4:35:00 PM CST in Top Stories
FULTON- The state's Office of Administration announced $97.2 million in bonds to rebuild the Fulton State Hospital. The hospital is... More >>
6 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 3:49:00 PM CST in Top Stories
EDWARDSVILLE (AP) — A Missouri man has been ordered to spend 40 years in prison after having admitted in court... More >>
6 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 3:36:00 PM CST in News
JEFFERSON CITY (AP) — Opponents are suing to stop a new Missouri constitutional amendment to limit political giving. ... More >>
6 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 3:26:38 PM CST in News
JEFFERSON CITY - The Federal Drug Administration is making moves to help the hearing impaired have easier access to hearing... More >>
6 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 3:26:00 PM CST in News
JEFFERSON CITY (AP) — Missouri Gov. Jay Nixon has begun spending more time at his new home in the St.... More >>
6 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 3:19:00 PM CST in News
ST. LOUIS (AP) — Eight Chicago residents have been indicted by a federal grand jury for the smash-and-grab crime at... More >>
6 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 3:17:31 PM CST in News
COLUMBIA - The University of Missouri released official recommendations on Wednesday for how the institution can proceed in addressing issues... More >>
7 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 3:01:00 PM CST in News
FULTON - It was a special day at the Kingdom of Callaway Historical Society in Fulton. Today marks the 75th... More >>
7 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 2:42:00 PM CST in News
COLUMBIA - The University of Missouri Student Health Center announced Wednesday it has identified 193 confirmed and probable mumps cases... More >>
7 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 2:38:00 PM CST in News
JEFFERSON CITY – Gov. Jay Nixon announced Wednesday he was restricting $51 million in Medicaid and other spending and making... More >>
8 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 1:57:00 PM CST in News
COLUMBIA — Police arrested Elisabeth Trumbower of Columbia Tuesday after she allegedly falsified and fullfilled multiple prescriptions for Adderall. ... More >>
8 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 1:43:00 PM CST in News
HARTVILLE (AP) — The state auditor says an audit shows new possible fraud by a former county collector who recently... More >>
9 hours ago December 07, 2016 Dec 7, 2016 Wednesday, December 07 2016 Wednesday, December 07, 2016 12:52:19 PM CST in News
Columbia, MO
Broken Clouds 27°
10pm 26°
11pm 25°
12am 23°
1am 23°

Select a station to view its upcoming schedule:

Coming Up Next

10:00p
KOMU 8 News @ 10
10:35p
The Tonight Show Starring Jimmy Fallon
11:37p
Late Night with Seth Meyers
10:00p
The King of Queens
10:30p
The King of Queens
11:00p
Rules of Engagement

Tonight's Schedule

7:00p
Hairspray Live!
9:55p
To Be Announced
7:00p
Arrow
8:00p
Frequency
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld