Credit card delinquencies rise - Portland Business Journal:

http://www.getusout.org/artman/publish/cat_index_19.shtml
Year over year, bank card delinquencies increased 11 percenfrom 1.19 to 1.32 percent 9 percent higher than in fourth-quarter 2008. The delinquency rate is definexd as the ratio of borrowers 90 days or more behind on one or more of theifrbank cards. Average credit card debt inched upwardnationallg 0.82 percent to $5,776 from the previous quarter’sd $5,729, and 4 percent comparecd to the first quarter of 2008 at “As the recession entered its sixth quarter, we saw continues increases in average bank card balances, as consumers struggled to meet repaymenyt obligations in a job markert that continues to deteriorate,” said Ezra Becker, director of consulting and strategy in TransUnion’s financial services “This increase could be an indication that tax refund typically used to pay down balancew during the first quarter in years are now being used to cover daily livinh expenses.
” TransUnion creates its quarterlu reports from 27 million anonymous, individual credit files.