More consumer credit problems

And it's bound to get higher as unemployment rises. We may be hearing more about this as the quarterly reports hit the street. The overall delinquency rate actually understates consumer pain because it excludes bank-issued credit cards, where credit deterioration was severe. Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter. The rate of delinquent accounts rose to 4.75 percent from 4.52 percent, near the record 4.81 percent in