Ezra Becker is vice president of research and consulting in TransUnion's financial services business unit.
Are consumers who pay down their credit card balances truly deleveraging, i.e. reducing their usage of revolving credit, or are these consumers disengaging — looking to move their relationship(s) to other card lenders
Are cash-strapped consumers continuing to borrow on their credit cards during the difficult economic times of the past several years? Or are they actively paying down their credit card balances and reducing revolving debt levels?