TransUnion's Prama(SM) Analytics Finds Energy-Reliant States Still Underperforming the Nation, While Recent Vintage Credit Card Loans Performing Worse - Seite 2

Years  
U.S.  
Oklahoma  
Texas   West Virginia  
Wyoming Serious Credit Card Delinquency % Change   Q3 2014 - Q3 2015  
6.7%  
15.9%  
11.4%  
9.5%  
9.7%   Q3 2015 - Q3 2016  
6.3%  
11.9%  
10.2%  
15.6%  
20.4%

Energy states have also seen debt levels rise up to 5% between Q3 2015 and Q3 2016 -- higher than the national average. National credit card debt per borrower rose 1.8% from $5,229 in Q3 2015 to $5,323 in Q3 2016.

"The yearly percentage increase in credit card delinquencies continues to rise for energy dependent states," said Siegfried. "Many of these states may see continued pressure on their delinquency rates for at least two or three quarters after oil prices finally rise significantly. There is generally a lag for energy sector companies to ramp up their hiring, and for those newly employed to gain the benefit from their paychecks in catching up on past-due debt service obligations."

"These two trends -- the vintage dynamic and the energy sector delinquency effect -- are a great illustration of the diverse forces that impact the consumer card market," continued Siegfried. "The former is due largely to strategic choices by card issuers, while the latter is a result of economics. It is the interaction of these types of forces that make the lending marketplace challenging to understand without the right data and analytical tools."