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TransUnion LLC expects mortgage and credit card delinquencies to retreat gradually next year with lending standards becoming more conservative and lenders shedding bad debt, reports Dow Jones. In some states hit hard by the housing crisis, however, mortgage delinquencies will continue to increase, the credit-information company said Tuesday. TransUnion expects the delinquency rate for credit card debt to decline as consumers try to "keep incremental debt to a minimum and aggressively manage debt repayment," said Ezra Becker, the director of consulting and strategy at TransUnion's financial services group. The company expects credit card accounts 90 days or more overdue to decline next year, to 1.04% from a projected 1.07% this year. TransUnion said it expects the share of mortgages 60 or more days past due to decline to 6.39% next year from a projected 6.56% for 2009.
