According to a recent Experian analysis, bankcard balances increased 6% year over year to $629 billion in Q1 2015, while delinquencies remained low with 60–89 day-past-due delinquencies declining 8%.
As consumer behavior continues to improve, lenders should stay abreast of the latest credit trends in order to adjust lending strategies and capitalize on areas of opportunity.
>> Discover key steps to developing a profitable bankcard campaign
Our worldwide survey explores the connection between recognition, fraud prevention and customer experience for our 2021 Global Identity and Fraud Report.
According to Experian’s latest Global Insights Report, 38% of consumers expect to increase their online activity in the next 12 months.
Access our white paper to discover collections industry trends, outlooks for 2021, and the benefits of leveraging data and advanced analytics. Read more!
