Seriously delinquent credit card debt climbed to a possibly alarming $5.1 billion in the fourth quarter, according to data gathered by Veribanc Inc.

Serious delinquencies-90 days or more past due-rose to that record level from $4.96 billion a year earlier and represented 2.21% of the $231.1 billion of card debt held by banks at yearend 1998.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.