Analysts expect improvements in credit card payments to slow

Following a stretch of several months in which the nation's credit card lenders have seen fewer consumers falling behind on their payments, analysts tell The Wall Street Journal those improvements may soon fade.

While late payments have fallen, the overall economy as a whole has failed to show the same level of improvement. Because of that, the improvements in defaults rates may be slow to improve.

"With 9 percent unemployment, it will be silly to assume dramatic improvement at this point," Jamie Dimon, J.P. Morgan chairman and chief executive, said on a call with analysts, the paper reports.

Other executives at J.P. Morgan Chase said their delinquency rate improvements have been leveling out and little additional improvement was expected next year.

Those predictions mirror those of a recent survey of banking professionals for FICO. That poll found that most expected to see delinquencies increase on credit cards, student loans and auto loans, which would downgrade consumers' credit reports.