Discussion Paper
Predicting Credit Card Delinquency Rates
Abstract: Consumer credit card delinquency rates, after having rapidly fallen to record-low levels in the early stages of the pandemic, increased sharply, reaching their pre-pandemic levels by 2023:Q1. Since then, delinquencies have risen further, albeit at a diminishing rate, and as of 2024:Q3 stand about 125 basis points above those early 2023 levels (Figure 1).
https://doi.org/10.17016/2380-7172.3732
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2025-02-28
Number: 2025-02-28-3