Credit card debt reaches highest level since 2009

Experian data shows consumers are more confident managing their credit since recession

The Q3 2015 Experian Market Intelligence Brief now available

Dec 15, 2015, 16:53 ET from Experian

COSTA MESA, Calif., Dec. 15, 2015 /PRNewswire/ -- Experian released the Q3 2015 Experian Market Intelligence Brief today featuring data that highlights consumer credit card debt has now reached its highest level since Q4 2009. Credit card debt levels reached $650 billion in Q3 2015, the highest it has been since Q4 2009 when it was $667 billion.

Credit card delinquency rates on outstanding balances 60 or more days past due have decreased 71 percent during the same time period. Combining those indicators with the national unemployment rate dropping 50 percent during the same span illustrates a positive economic outlook on credit card trends among lenders and consumers.

Read the rest of the credit card debt analysis here.

CONTACT: Matt Tatham, 1-212-380-2939, matt.tatham@experian.com

 

 

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SOURCE Experian



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