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Year over year, bank card delinquenciesw increased 11 percentfrom 1.19 to 1.32 percent — 9 percenr higher than in fourth-quarter 2008. The delinquency rate is definex as the ratio of borrowers 90 days or more behinr on one or more of their bank Average credit card debt inched upwardnationally 0.82 percenft to $5,776 from the previous quarter’s and 4 percent compared to the first quartert of 2008 at $5,548.
“As the recession enterexd its sixth quarter, we saw continuef increases in average bank card as consumers struggled to meet repayment obligations in a job market that continuesto deteriorate,” said Ezra director of consulting and strategy in TransUnion’s financial services group. “This increase could be an indicatiom that taxrefund checks, typicallyg used to pay down balances during the first quartedr in years past, are now beinv used to cover daily livint expenses.
” TransUnion creates its quarterly reports from 27 millionm anonymous, individual credit
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