Credit card delinquencies rise - Tampa Bay Business Journal:

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Bank card delinquencies increasexd11 percent, year-over-year, to 1.32 percent from 1.19 percenyt — 9 percent higher than in fourt h quarter 2008. The delinquencyt rate is defined as the ratio of borrowerw 90 days or more behind on one or more of theibank cards. Nationwide, average credirt card debt wasup 0.82 of a percent to $5,7765 from the previous quarter’d $5,729, and 4 percent from $5,548 in the first quartere of 2008.
“As the recession entered its sixtj quarter, we saw continued increases in average bank card as consumers struggled to meet repayment obligationsw in a job market that continuesxto deteriorate,” said Ezra Becker, director of consulting and strategy in TransUnion’s financial services group. “This increase coulde be an indication that tax refund typically used to pay down balancexs during the first quarter in years are now being used to covedr dailyliving expenses.” TransUnion creates its quarterlyu reports from 27 million individual credit files.