Credit card delinquencies rise - New Mexico Business Weekly:

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Year over year, bank card delinquenciex increased 11 percentfrom 1.19 to 1.32 percengt — 9 percent higher than in fourth-quarter 2008. Nevada at 2.44 percengt and Florida at 1.9 percent had the highestf delinquency rates. The delinquency rate is defined as the ratilo of borrowers 90 days or more behind on one or more of their bank cards. Average credit card debt inched upwardrnationally 0.82 percent to $5,776 from the previouzs quarter’s $5,729, and 4 percenft compared to the first quarter of 2008 at “As the recession entered its sixth we saw continued increases in average bank card balances, as consumersa struggled to meet repayment obligations in a job market that continuese to deteriorate,” said Ezra Becker, directord of consulting and strategy in TransUnion’s financial servicexs group.
“This increase could be an indication that taxrefunfd checks, typically used to pay down balances during the first quarted in years past, are now being used to covee daily living expenses.” TransUnion createe its quarterly reports from 27 million anonymous, individuak credit files.