4 ms·
Past due < 30 days Delinquent > 30 days Generally delinquent increase of any percentage is a big red flag as these accounts are statistically very unlikely
by nimbius 2y ago
Past 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.