We notice you are visiting from a U.S. Internet provider. 
31/01/2012 -
Delinquency rates on credit card dues, car loans, mortgages and other forms of credit plummeted in December, reflecting a general uptick in consumer sentiment. However, while Americans appear to be embracing a greater sense of frugality, lending and credit trends seem to suffer as a result.According to Equifax's December National Credit Trends Report, total U.S. consumer credit declined in December to reach $11.1 trillion. The decrease was driven in part by dramatic dips in delinquency rates across nearly all areas, the one exception being on student loans.
Specifically, payments later than 60 days on bank credit cards fell by 29 percent, while retail credit card delinquencies dropped by 15 percent. Despite timely payments, credit card processing was up on the month, according to the most recent SpendTrend report from First Data Corporation.
"The improvement in 2011 delinquency data, paired with consistent growth in loan originations in multiple sectors, provides truly positive momentum for the industry as we begin a new year," said Michael Koukounas, SVP of analytics for Equifax. "As the industry continues to isolate and manage those vintages, I would expect to see continued improvement in delinquency rates as a result."
