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Credit card loan delinquency rates will remain steady for the remainder of the year, according to TransUnion LLC's Trend Data database. The ratio of credit card borrowers 90 days or more delinquent on at least one of their credit cards was 1.09% during the third quarter ended Sept. 30, and TransUnion does not anticipate the ratio to change much by the end of the year. "This forecast suggests a possible flattening or minimal increase during the fourth quarter of this year as consumers take stock of the recent bad economic news and curtail their consumption expenditures for the holiday season," the Chicago-based credit bureau said in a statement. However, as worsening economic conditions and the ongoing mortgage crisis continue to erode consumer confidence, TransUnion anticipates an upward trajectory in the national credit card delinquency rate for 2009, possibly reaching as high as 1.4% by the end of next year. Trend Data is a consumer-credit database consisting of 27 million consumer records TransUnion randomly samples each quarter.
