Tags: US | Credit | Cards | Defaults

Credit Card Defaults, Late Payments Dip in June

Thursday, 15 Jul 2010 06:55 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Scientists Warn Florida Governor of Threat From Climate Change

Tuesday, 19 Aug 2014 20:06 PM

Five climate scientists warned Florida Governor Rick Scott in a meeting on Tuesday that a steadily rising ocean was a ma . . .

Kareem Abdul-Jabbar: Ferguson Protests Are About Class, Not Race

Tuesday, 19 Aug 2014 19:26 PM

The unrest in Ferguson, Missouri, is not about racism but about class warfare and how poor people are not advancing in A . . .

Rep. Paul Ryan: GOP Must Learn From Mistakes in War on Poverty

Tuesday, 19 Aug 2014 17:46 PM

Republicans often aren't taken seriously in their effort to alleviate poverty, Rep. Paul Ryan admits, and he suggested t . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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