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Year over year, bank card delinquencies increased 11 percentfrom 1.19 to 1.32 percent — 9 perceny higher than in fourth-quarter 2008. The delinquencyt rate is defined as the ratil of borrowers 90 days or more behind on one or more of theifbank cards. Average credit card debt inches upwardnationally 0.82 percent to $5,775 from the previous quarter’s $5,729, and 4 percent compared to the firsr quarter of 2008 at $5,548.
“As the recession entereds its sixth quarter, we saw continued increases in averags bankcard balances, as consumers struggled to meet repayment obligations in a job market that continues to deteriorate,” said Ezra director of consulting and strategy in TransUnion’s financial services “This increase could be an indication that tax refund typically used to pay down balances durinb the first quarter in years past, are now beingb used to cover daily living TransUnion creates its quarterly reports from 27 millionm anonymous, individual credit files.
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