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Here is another FRED chart that may be instructive, although I am not clear on the difference between "delinquency rate" and "balances past due" ("accounts past
by hammock 2y ago
Here is another FRED chart that may be instructive, although I am not clear on the difference between "delinquency rate" and "balances past due" ("accounts past due" is different still)
https://fred.stlouisfed.org/series/RCCCBBALDPD30P https://fred.stlouisfed.org/series/RCCCBBALDPD30P
- nimbius 2y agoPast due < 30 days Delinquent > 30 days Generally delinquent increase of any percentage is a big red flag as these accounts are statistically very unlikely to make a correction and are a bellwether for greater issues like sustainable future consumer trends. They also betray the real unemployment rate including the us "jobless" hand wavery.
- hammock 2y agoNot following. Did you click the link? FRED has "30 or More Days Past Due", "60 or More Days Past Due" and "90 or More Days Past Due." None of them align with delinquency rate
- hattmall 2y agoIts up to the CC companies to determine delinquency. Some may consider it at > 30 days, others may wait until 90 or 120 days.