2021 Credit Card Data Book: Key Industry Metrics to Watch in 2021 – ResearchAndMarkets.com

DUBLIN – ()–The “The 2021 Credit Card Data Book, Part 1: Internal Dynamics” the report was added to ResearchAndMarkets.com from offer.

Unlike 2019, which was a banner year for many credit card issuers, 2020 has turned out to be much more tumultuous. COVID-19 has caused widespread disruption, economic uncertainty and a sharp rise in unemployment. In the face of economic uncertainty, consumers largely reigned over their use of credit, leading to declining volumes of revolving debt. Despite the potential for economic disaster, however, the credit card industry remains largely stable, with delinquencies falling for all types of loans.

According to the new report, The 2021 Credit Card Data Book Part One: Internal Dynamics, 2021 is likely to end with a manageable increase in write-offs.

“Although credit cycle risk indicators are artificially low and credit utilization has declined significantly, current trends make it unlikely that a tsunami of defaults and write-offs will collapse on the credit sector in 2021 “, comments Brian Riley, Director, Credit Counseling Services and co-author of this research report. “We will examine what these trends are in Part 2 of this report and analyze what they mean for credit card profitability, consumer interest in opening new credit cards, and lender attitudes on credit standards. credit policy. “

Highlights of the research report include:

  • Key industry indicators to watch in 2021

  • Decrease in revolving debt

  • Decrease in average credit card debt

  • Disturbances in the normal aging process

  • Billions of dollars in contingent credit card liabilities

Main topics covered:

1. Summary

2. Presentation

3. Credit card portfolios: measuring consumer credit

  • Revolving debt in the United States

  • Reduction in open accounts and average debt per borrower

  • Credit card use fell behind debit as consumers reacted to the deteriorating economy

  • BNPL loans and instant finance grow as PLCC use declines

4. Credit risk

  • Disconnect between current delinquency trends and actual credit risk

  • The Aging Process of Credit Cards

  • Temporary waiver of prepayment defaults on credit cards

  • The decrease in delinquencies in all types of loans

  • The flow to write-off decreases for large and small banks, but not in the same way

  • Unused credit card lines

5. Conclusion

6. References

Companies mentioned

  • ACI in the world

  • Bank of America

  • chase away

  • Citi

  • Federal Reserve System

  • FICO

For more information on this report, visit https://www.researchandmarkets.com/r/l9be4

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