The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Alert the Public to Equifax Report Stating that Delinquency Rates and Total Credit Card Debt in United States Drop

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The Oklahoma bankruptcy attorneys at Atkins & Markoff, a law firm that provides legal assistance to consumers and businesses that are experiencing financial difficulties, has a Web site URL that is located at http://www.OklahomaBankruptcyLawCenter.com. The firm hereby alerts the public that Equifax, one of the major credit reporting agencies in the United States, has released statistics regarding the percentage of delinquencies on credit card accounts in the United States as well as the total amount that’s owed to these creditors. Both numbers are dropping, according to Equifax.

The Oklahoma bankruptcy lawyers at Atkins & Markoff, a law firm that provides legal assistance to those who are seeking bankruptcy protection and other solutions to financial difficulties on behalf of individual and business clients, hereby alerts the public that Equifax, a credit reporting agency, has released statistics regarding the rate of delinquencies on credit card accounts in the United States as well as statistics regarding the total amount owed to these creditors. Both numbers have dropped when compared to previous timeframes.

Specifically, Equifax released statistics regarding the delinquency rate of approximately 2.35 percent for what is considered the six largest credit card issuers in the United States. This represents a precipitous drop from a high of more than 6 percent during the first quarter of 2009. The delinquency rate has dropped steadily since reaching that high level.

In addition, Equifax reported that the total amount owed to credit card issuers by American consumers has dropped. Since reaching its high level in October of 2008, the total amount owed to these creditors has dropped by a total of more than $170 billion. This represents a drop of nearly 23 percent since that high point was reached.

While these numbers are dropping and that could be considered a positive sign, there are still many people who are struggling because of credit card debt and other debts that are not manageable with their incomes. Those who are experiencing these financial difficulties are encouraged to contact experienced professionals so that their financial situations can be thoroughly analyzed and potential solutions can be discussed.

About Atkins & Markoff

The Oklahoma bankruptcy lawyers at Atkins & Markoff, whose law firm Web site URL can be found at http://www.OklahomaBankruptcyLawCenter.com, is a law firm comprised of Oklahoma bankruptcy attorneys who have been representing consumers since 1999 in bankruptcy-related legal matters that include Chapter 7, Chapter 11 and Chapter 13 bankruptcy cases as well as debt consolidation and credit counseling matters. The firm represents consumers in bankruptcy cases throughout the state of Oklahoma.

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Dan Markoff
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