The pandemic caused behavioral impacts on credit card payments of consumers for revolving products, where the minimum due is a small percentage of the current credit card balance

Bankcard delinquencies exceed pre-pandemic levels, higher losses are forecasted ahead

Bankcard delinquencies continue to rise, higher losses are coming in 2023

What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend?

Inflation takes hold, bankcards delinquencies surpass pre-pandemic levels

Bankcard delinquencies continue to rise as growth in the economy slows

Based on FICO’s analysis, only 3% of FICO scorable consumers would be impacted by medical collection removals

We are seeing unemployment rates at historical lows, so what is causing US Bankcard delinquency rates to increase?

Paying down credit card balances, driven by reduced spending, increased savings and awareness, among other factors, helped many consumers show improvement in FICO® Scores.

How much does missing a payment impact a FICO® Score?