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Old 12-18-2009, 04:40 PM
lily lily is offline
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Default credit card industry
The annual earnings of the credit card industry are about $30 billion.
The credit card companies loose about $10 billion annually due to credit card fraud.
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Old 01-09-2010, 07:04 AM
Journals009 Journals009 is offline
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TransUnion has published its analysis of trends in the credit card lending industry during the 4th quarter of 2007 - making it available on TransUnion.com. The company says this report is the first in a planned series of quarterly consumer lending sector analyses that TransUnion will publish on the site.

Statistics:
Average credit card debt per bankcard user nationally rose 4.81 percent from the previous quarter to $1,694. The largest state average was in Alaska at $2,342 followed by Tennessee at $2,046 and Alabama at $1,996. The lowest average credit card debt was in Iowa at $1,272.


Analysis:
At the consumer level, credit card debt and delinquency are correlated to local cost of living and regional economic effects, particularly the continuing mortgage crisis. States with a higher concentration of consumers whose hybrid ARM mortgages are resetting to higher APRs-and hence require greater monthly payments -- also are where consumers are relying more heavily on credit cards to finance daily purchases.


Forecast:
The national 90-day bankcard user delinquency rate is expected to continue to rise throughout 2008 from a value of 1.36 percent in 2007Q4 to 1.9 percent by year end. This is primarily due to anticipated deterioration in economic conditions throughout the country combined with consequences of the mortgage crises.


TransUnion's Trend Data database:
The source of the underlying data used for this analysis is TransUnion's Trend Data, a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled every quarter from TransUnion's national consumer credit database.
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Old 01-11-2010, 06:44 AM
Journals009 Journals009 is offline
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TransUnion has published its analysis of trends in the credit card lending industry during the 4th quarter of 2007 - making it available. The company says this report is the first in a planned series of quarterly consumer lending sector analyses that TransUnion will publish on the site.

Statistics:
Average credit card debt per bankcard user nationally rose 4.81 percent from the previous quarter to $1,694. The largest state average was in Alaska at $2,342 followed by Tennessee at $2,046 and Alabama at $1,996. The lowest average credit card debt was in Iowa at $1,272.


Analysis:
At the consumer level, credit card debt and delinquency are correlated to local cost of living and regional economic effects, particularly the continuing mortgage crisis. States with a higher concentration of consumers whose hybrid ARM mortgages are resetting to higher APRs-and hence require greater monthly payments -- also are where consumers are relying more heavily on credit cards to finance daily purchases.


Forecast:
The national 90-day bankcard user delinquency rate is expected to continue to rise throughout 2008 from a value of 1.36 percent in 2007Q4 to 1.9 percent by year end. This is primarily due to anticipated deterioration in economic conditions throughout the country combined with consequences of the mortgage crises.


TransUnion's Trend Data database:
The source of the underlying data used for this analysis is TransUnion's Trend Data, a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled every quarter from TransUnion's national consumer credit database.
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Old 09-06-2010, 01:00 AM
johnhandsome johnhandsome is offline
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interesting fact
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Old 09-26-2010, 07:09 AM
cruzer_rock cruzer_rock is offline
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Ya exactly true.. Its better to get MORTGAGE LOAN to avoid mortgage crisis.. I got the same and now i am happy
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Old 02-28-2011, 07:48 AM
kinah3 kinah3 is offline
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It's better to promote there as it will help you to get good visitors.
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check this store you can buy things with a very cheap price

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Old 09-24-2011, 04:51 AM
livemott livemott is offline
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That's true, So how do these company make money.
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Old 01-04-2012, 12:51 PM
Addison01 Addison01 is offline
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It is a true fact that credit card companies losses much due to credit card fraud practice but I think for that they are also responsible for some extent as they don't protest against such practice and not forcing the gov. to keep strict check on such fruad and after detection of detection of culprits on their punishments.I think they should take steps harshly now to stop such fraud.. .
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