Credit card delinquencies rising
November 17, 2008 | alternatives, industry | Comments (0)As Sen. Joe Biden might say, “gird your loins.” We’re heading for more financial shock. From the story:
In a regulatory filing, the McLean, Virginia-based company said the annual net charge-off rate for U.S. credit cards increased to 6.54 percent in October from 6.34 percent in September, while the rate for loans at least 30 days delinquent rose to 4.48 percent to 4.20 percent.
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