This is going to be the next major problem for the economy, this is something that cannot be ignored. Steps should be taken at this very moment but of course they wont and it will end up just like the subprime mess less than 12 months ago. The historical Avg. sits at 4.86%, 3.89% is where we are now. My prediction is 4-4.25% in the 1st Qu of 2008, a jump past 5% by mid to late 2008. Maybe even higher. Look to short stocks involved in this area of the problem. Moody's: Credit Card Delinquencies Rise Â© 2007 The Associated Press TOOLS NEW YORK â Delinquency rates for credit card payments rose in the third quarter but were still well below historical standards, according to a report released Monday by Moody's Investors Service. Credit card delinquencies rose to 3.89 percent in the third quarter, from 3.61 percent during the year-ago period. It was the third straight quarter delinquency rates rose. But delinquencies in the quarter were still well below the long-term historical average of 4.86 percent. For September only, credit card delinquencies rose to 4.07 percent from 3.68 percent during the same month last year. Charge-off rates rose to 4.59 percent in the quarter, from 4.06 percent during the same period last year, according to Moody's. Charge-offs measure card balances written off as uncollectible as an annualized percent of total loans outstanding. September charge-offs totaled 4.58 percent. Payment rate fell slightly to 19.24 percent in the third quarter from 19.46 percent last year. Payment rate measures the proportion of outstanding debt repaid each month by borrowers.