Subprime and deep-subprime card limits increased in the first six months of 2016, while the 60+ day delinquency rate decreased by 6%.
Overall, consumers have been meeting their payment obligations — delinquency rates decreased by 43% from Q2 2011 to Q2 2016. When looking at year-over-year comparisons, the overall consumer delinquency rate increased by 7%. Despite this increase, the delinquency rate for subprime and deep-subprime consumers remained relatively flat.
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