TransUnion Posts Card Delinquency Rise

First-quarter delinquencies on credit cards that had been issued by banks increased from a year earlier as strapped borrowers used tax refunds to meet daily expenses instead of reducing their card balances.

For the first three months of the year, the percentage of consumers who were three months or more behind payments on their cards rose 13 basis points, to 1.32%, according to a report published Monday by TransUnion LLC.

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