Growing Student Loan and Credit Card Delinquencies are Crippling the Economy

Trevor Hunnicutt reports in an August 2019 article in reuters.com that credit card debt has risen and so have delinquent accounts. Also, almost 10% of student debt is now seriously delinquent.

This report makes it clear that credit unions need to be vigilant when it comes to lending and controlling risk in existing loan portfolios.

TCT’s Risk Based Loan Pricing and Credit Migration tools assure loan risk is managed and priced appropriately.