Wednesday, April 24, 2024

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.

Past Payment Performance
On average, today's consumers are paying their bills on time. Less than half of all consumers have ever been reported as 30 or more days late on a payment. Only 3 out of 10 have ever been 60 or more days overdue on any credit obligation. 77% of all consumers have never had a loan or account that was 90+ days overdue, and less than 20% have ever had a loan or account closed by the lender due to default.
        Categories:  Household Debt,Consumer Debt,Credit Card Debt,Late
        Reporting Pub:  MyFico.com
        Reporting Date:  12/4/2007
        Article Title:  Average Credit Statistics
        Article Author:  Staff
        Pub's Source:  MyFico.com
        Source URL:  View details from source
 

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