An Overview of Non-Performing Consumer Credit Cards in the US – Q4 2022
The status of non-performing consumer credit cards is an important aspect of the U.S. financial market. This article provides a comprehensive overview of the current state of non-performing consumer credit cards in the U.S. as of Q4 2022.
Non-Performing Consumer Credit Cards in the US
As of the end of Q4 2022, there were 828 banks in the U.S. with non-performing consumer credit cards. Consumer credit cards are issued to individuals to finance their daily expenses and purchases.
30-89 Day Late and still accruing
As of the end of Q4 2022, there were ,655,931,000 in non-performing consumer credit cards that were 30-89 days late and still accruing, with 467 banks holding these loans.
90+ Day Late and still accruing
As of the end of Q4 2022, there were ,294,540,000 in non-performing consumer credit cards that were 90+ days late and still accruing, with 267 banks holding these loans.
Nonaccrual Credit Cards
As of the end of Q4 2022, nonaccrual credit cards totaled 1,538,000, with 74 banks holding these loans.
Regulatory Reporting Requirements
The information provided in this article is based on the regulatory financial report that is required by the Federal Financial Institutions Examination Council (FFIEC) and the Federal Deposit Insurance Corporation (FDIC). Banks must submit quarterly reports to the FDIC and FFIEC on their defaults.
Investing in Non-Performing Consumer Credit Cards
If you’re interested in investing in non-performing consumer credit cards, reach out to Fitzgerald Advisors. We are a mortgage note and REO brokerage firm that specializes in these areas and can provide valuable guidance and advice on the investment process.
Conclusion
Non-performing consumer credit cards are an essential aspect of the U.S. financial market. Understanding the current state of these assets is important for anyone considering investing in them. The information provided in this article is based on the regulatory financial reports required by the FFIEC and FDIC. It provides a comprehensive overview of non-performing consumer credit cards in the U.S. as of Q4 2022.
If you’re interested in investing in non-performing consumer credit cards, you must do your due diligence and thoroughly research the market. Working with a specialized note brokerage firm like Fitzgerald Advisors can also be a valuable resource in the investment process. With extensive experience in this field, we can provide valuable guidance and advice on acquiring non-performing consumer credit cards.
