15-12-08
Credit Card Defaults Will Continue to Grow in the USA

According to TransUnion.com agency, in the third quarter of 2008, the volume of debts on credit cards in the USA grew by 6 % in comparison with 2007, and by 1.6 % in comparison with the second quarter of 2008, and on average amounted to 5 710 US dollars. A nonpayment coefficient on at least one card account increased by 5.8 % in annual terms. In the third quarter the level of non-payments grew by 1.1 % compared with the same period of 2007 and by 4.8 % in comparison with the previous period.