Wednesday, October 14, 2026

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Record credit card delinquencies in January 2009

Charge-off rates in January 2009 were 40% higher than a year ago at 7.5% and were expected to approach 9% during the second half of 2009. As one would expect, late payments on credit card bills are closely link to unemployment levels. Non-farm employment fell 524,000 in December 2008, contributing to the biggest decline in payrolls on a three-month moving average since 1945. The unemployment rate jumped to a 15-year high of 7.2%, from 6.8% in November 2008. Many analysts are predicting financial conditions to worsen in the coming months.
        Categories:  Credit Cards,Late Payments
        Reporting Pub:  HoffmanBrinker.com
        Reporting Date:  2/1/2009
        Article Title:  Credit Card Debt Statistics
        Article Author:  Mark Brinker
        Pub's Source:  Financial Times
        Source URL:  View details from source
 

Select based on Year

Select based on Category

Select based on Title

|cmd_stat=print&pick=224


Copyright ©2026 Press One Publishing. All rights reserved. Use or purchase of any material at DebtSmart.com including but not limited to books, articles, and software is subject to the following  disclaimer/warning.