Monday, December 17, 2012

Average US Credit Card Debt Per Borrower up in 3Q | Essentials

Average US Credit Card Debt Per Borrower up in 3Q

www.mastercard.com down - The major shitstorm has begun
www.mastercard.com down - The major shitstorm has begun by Remko van Dokkum
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Excerpt:

Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time, an analysis of consumer-credit data shows. The average credit card debt per borrower in the U.S. grew 4. 9 percent in the July-to-September period from a year earlier to $4,996, credit reporting agency TransUnion said Monday. At the same time, the rate of credit card payments at least 90 days overdue hit 0. 75 percent, up from 0. 71 percent in the third quarter of last year, the firm said. While higher, the late payment rate is rising from historically low levels. The lowest late payment rate on TransUnion records going back to the mid-1990s was 0. 56 percent, set in the third quarter of 1994. More recently, it was at 0.

People:

Ezra Becker

Overall Sentiment: 0.0309722

Relevance: 0.624224

SentimentQuote
0.137299"Lenders are absolutely issuing more credit in the nonprime space," Becker said. ...
0.0812968"Lenders are absolutely issuing more credit in the nonprime space," Becker said. "The size of the pie is bigger and nonprime consumers are getting a larger share of that pie."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: 0.2185958
  • Mean: 0.1092979
  • Standard Deviation: 1.7320508075689

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Company: TransUnion

Overall Sentiment: -0.174607

Relevance: 0.83209

Country: U.S.

Overall Sentiment: 0.100597

Relevance: 0.37966

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