Delinquency Rate on Credit Card Loans (DRCC / DRCCG)
WHAT IS IT?
DRCC, DRCCG
This is the measure of delinquent loans and leases that are past thirty days due or more. It includes those that are still accruing interest and in nonaccrual status. This is calculated on a quarterly basis.
Credit card delinquency rates give insight into the financial health of U.S. consumers. Increased rates can be telling of instability in the current economic environment.