U.S. credit card holders are paying their bills at the best rate in three decades. According to the quarterly credit card debt study from CardHub, the credit card charge-off rate is now at 2.89 percent — the lowest point since 1985. At the same time,...
Capital One said significantly fewer of its credit card holders defaulted on their card debts in the third quarter — but the bank’s CEO called that situation “unsustainable” and said he expects the chargeoff rate to bounce back in 2015 to 2013 levels, according to...
December 30, 2014
When interest rates rise in mid-2015, the credit-card business will likely see more subprime cardholders, higher credit losses for card issuers and greater reliance on customers who use their cards to borrow, not just earn rewards, American Banker reported. For the last half-decade, credit-card profits have relied on high repayment rates, cheap funding and surging […]
December 09, 2014
U.S. credit card holders are paying their bills at the best rate in three decades. According to the quarterly credit card debt study from CardHub, the credit card charge-off rate...
October 21, 2014
Capital One said significantly fewer of its credit card holders defaulted on their card debts in the third quarter — but the bank’s CEO called that situation “unsustainable” and said...
