Most credit card issuers report a decline in default rates

09/16/2011 | Forbes

Four of the six biggest credit card issuers say default rates dropped in August. Capital One Financial and Citibank say the rate of uncollectable balance write-offs increased, while Capital One also reported a slight increase in its rate of payments that are behind by 30 days or more. Discover, Bank of America, Chase and American Express posted drops in both rates.

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