Tags: US | Credit | Cards | Defaults

Credit Card Defaults, Late Payments Dip in June

Thursday, 15 Jul 2010 06:55 PM

 

Data on defaults and late payments shows consumers are getting a handle on their credit card payments. Five of the top six U.S. credit card issuers on Thursday reported declines in June charge-off rates, the unpaid balances they gave up on collecting.

Only Citibank, the nation's second largest issuer with roughly 90 million cards in circulation, said writedowns and late payments increased last month. Citi has the highest delinquency rate and second-highest default rate of the six banks.

The biggest improvement was reported by Chase, which has about 120 million cards in circulation, making it the top issuer in the U.S.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Kudlow: After Romney, a GOP Message of Incentives and Growth

Friday, 30 Jan 2015 20:20 PM

If there’s anything the GOP needs , besides a winner , it’s a confident, incentive-based, pro-growth message. The party  . . .

Welfare for Weed? Colorado May Ban Benefit Cards at Pot Shops

Friday, 30 Jan 2015 19:55 PM

Welfare money or food stamps for marijuana? It's an urban legend that won't go away in Colorado, and state lawmakers thi . . .

Ohio Reschedules Executions for 7 Death Row Inmates

Friday, 30 Jan 2015 18:37 PM

Ohio on Friday rescheduled executions for seven death row inmates as it tries to find new lethal drugs, meaning no inmat . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved