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5 months ago
Wed Apr 10, 2024 4:57 pm
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Cassie
DeveloperLoves long talks on the beach
Cassie has been gardening for over 2 years.
Via the Philadelphia Federal Reserve Bank.
Highlights:
"Credit card performance further deteriorated at the end of 2023, with firms recording the worst 30+, 60+, and 90+ account-based days past due levels in the reporting series."
"Stress among cardholders was further underscored in payment behavior, as the share of accounts making minimum payments rose 34 basis points to a series high from last quarter’s reading.
The share of accounts making full balance payments did tick up 8 basis points in the fourth quarter, but the 3.1 percent increase in revolving balances implies higher card balances among a smaller group of revolvers."
"...current credit scores at the 10th and 25th percentiles of cardholders decreased to their lowest levels since the first quarter of 2020, indicating further performance deterioration could be on the horizon."
Click images to enlarge them.
![Credit Union Mastercard | $10,000 Image](/forum/images/cards/c-red-mastercard.png)
![Citi Costco Anywhere Visa | $18,000 Image](/forum/images/cards/c-citi-costco-visa.png)
![American Express Blue Cash Everyday | $20,000 Image](/forum/images/cards/c-amex-bce.png)
![Discover it | $16,000 Image](/forum/images/cards/discover-it-pink.png)
- Tagline Loves long talks on the beach
- Score data EQ8:790 TU8:790 EX8:795
- Classic 8 Scorecard CLEAN/THICK/MATURE/NO-NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/MATURE/NO-NEW-ACCOUNT
- AoOA 6y9m
- AoORA 5y9m
- Date of Last Inquiry and/or New Account Opening February 14th, 2020