Going into the busiest retail shopping season of the year, the national credit card delinquency rate is down 0.83% in 3Q/10 by nearly 9.8% since 2Q/10 and down 24.6% since the year ago period. Thanks mostly to eight million consumers having stopped actively using bank-issued, the national average credit card borrower debt still edged upward for the first time in six quarters by 0.28% to $4,964 since the $4,951 clocked in 2Q/10, but down 11.54% from the year ago figure of $5,612. This is in conjunction with the TransUnion Credit Risk Index (CRI) having declined for the third consecutive quarter by 0.9% in 3Q/10 by 87 basis points to now stand at 126.79, from 127.66 and 1.9% lower than in the year ago period. This pushes down consumer risk to a risk level not witnessed in the U.S. since 1Q/09 thanks mostly to fewer borrowers delinquent on one or more accounts and lower outstanding debt. Not everything is coming up roses; although delinquencies improved for the ninth straight month, with late stage delinquency down 6 bps to 3.5% and early stage delinquency down by 1 bps to 4.61%, credit card chargeoffs are still above the vital 10% mark. The credit card charge off rate is still way down after having skyrocketed to 10.93% in March of 2010, with having soared past the 6% mark in December of 2008, the 8% mark that following spring, and finally the 10% mark in September of ’09. Charge-offs are expected to continue declining into 1H/11, thanks to credit card issuers having already written off balances from borrowers with weak credit over the past couple of years and tightening underwriting standards. Delinquency is down because of charge-offs in the higher risk segments of the population, more conservative spending in the low-risk segments, and significant efforts by consumers across the board to maintain the health of their credit card relationships as a financial cushion. These promising findings are coupled with a 6.5% compounded quarterly increase in demand for credit, showing consumer credit activity will be stronger in terms of quality and volume (CardFlash Library, 2010/11/29, 2010/11/1, 2010/11/08). For complete details on credit card charge-offs and the credit card delinquency rate visit Carddata.com (www.carddata.com).