Late payments are at a 17 year low.
The rate of late credit card payments fell to a 17-year low in the second quarter, another sign of household belt-tightening.
Continue reading… “More credit card users paying their bills on time”
People Who Default Only on Their Mortgages May be Safe Credit Risks: Study
Mortgage-only defaulters are less likely to then default later on new car loans or credit cards.
People who have defaulted only on their mortgages and no other debts are not as risky as expected, according to a new study from credit monitor TransUnion.
Continue reading… “People Who Default Only on Their Mortgages May be Safe Credit Risks: Study”