Last month’s credit card data indicates an ongoing deterioration of credit quality. That’s according to a report Sunday (Nov. 19) by Seeking Alpha, which says a survey of last month’s card metrics shows the average card delinquency rate slightly below pre-pandemic levels, while the average...
American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15) the company’s consumer card delinquency rate crept up to 1.2% in August, from 1.1% in July but still below 1.4%...
Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009, possibly due to loosening lending standards. Synchrony Financial saw the highest charge-off...
March 25, 2024
Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking Alpha, citing data from eight lenders. It showed that the average delinquency rate of 3.20% rose from 3.24% in January and 2.59% in February of last year. The average figure has risen […]
November 19, 2023
Last month’s credit card data indicates an ongoing deterioration of credit quality. That’s according to a report Sunday (Nov. 19) by Seeking Alpha, which says a survey of last month’s...
September 17, 2023
American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15) the company’s consumer card delinquency...
June 09, 2017
Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest...
