Discover December card charge offs edge higher - Yahoo! Finance: "NEW YORK (AP) -- Discover Financial Services said Tuesday that more customers had their card balances written off as uncollectible in December
The Riverwoods, Ill.-based card issuer's default rate rose for the month, even though late payments continued to be at historic lows.
DEFAULT: Discover wrote off $46.4 million, or 3.15 percent of balances on an annualized basis, in December, up from 3.04 percent of in November. A year ago, the charge-off rate was 5.94 percent of balances.
Chase Dec. card defaults rise, late payments dip - Yahoo! Finance: "NEW YORK (AP) -- Chase on Tuesday reported an uptick in the rate its customers defaulted on their credit card balances in December, but said late payments declined slightly.
The rates for the credit card division of JPMorgan Chase & Co. are near levels that were typical before the economic crisis.
The Riverwoods, Ill.-based card issuer's default rate rose for the month, even though late payments continued to be at historic lows.
DEFAULT: Discover wrote off $46.4 million, or 3.15 percent of balances on an annualized basis, in December, up from 3.04 percent of in November. A year ago, the charge-off rate was 5.94 percent of balances.
Chase Dec. card defaults rise, late payments dip - Yahoo! Finance: "NEW YORK (AP) -- Chase on Tuesday reported an uptick in the rate its customers defaulted on their credit card balances in December, but said late payments declined slightly.
The rates for the credit card division of JPMorgan Chase & Co. are near levels that were typical before the economic crisis.
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