The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. The 30-day performing delinquency rate in the domestic card business was 4.3% during the quarter ended Sept. 30, up from 3.7% in the...
Bread Financial Holdings reported that its credit card net loss rate in September was slightly lower than it was a year ago while its delinquency rate was higher. The net loss rate for the month ended Sept. 30 was 6.7%, lower than the 6.9% for...
Your card bill might read “2023,” but for credit card delinquency rates, it’s 2019. As Seeking Alpha noted in a report Monday (June 19), those rates now exceed pre-pandemic levels for at least three card companies: Capital One, Discover and Bread Financial. The report cites comment from...
For U.S. consumers, the juggling act of which bills to pay — and when — is real. To that end, the loan data from bank earnings over the past several weeks signal that consumers are falling behind on the payments necessary to keep their cars...
December 17, 2023
Both American Express and Bank of America saw credit card delinquencies climb last month. According to a recent Securities and Exchange Commission filing, American Express’ delinquency rate rose from 1.3% in October to 1.4% at the end of November, a figure that’s still below pre-pandemic levels. Bank of America, meanwhile, reported that the delinquency rate for its bank’s BA Master Credit […]
October 26, 2023
The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. The 30-day performing delinquency rate in the domestic...
October 26, 2023
Bread Financial Holdings reported that its credit card net loss rate in September was slightly lower than it was a year ago while its delinquency rate was higher. The net...
June 19, 2023
Your card bill might read “2023,” but for credit card delinquency rates, it’s 2019. As Seeking Alpha noted in a report Monday (June 19), those rates now exceed pre-pandemic levels for at...
