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This Is a Great Time to Be a Credit Card Company in America

December 5, 2013, 2:00 am
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Low as they already were, US issuers' charge-off and delinquency rates fell further in 2013 Q3, even as Americans kept increasing their credit card spending.

Read more on the same topic:
  1. U.S. Credit Card Delinquency, Default, Repayment Rates Set New Records
    U.S. credit card charge-offs fell to 3.44% in 2013 Q3; the 60-day delinquency rate dropped to 1.30%; the monthly payment rate (MPR) spiked to 26.27%....
  2. U.S. Credit Card Default, Delinquency, Repayment Rates Set New Records
    U.S. credit card charge-offs fell to 3.71% in June; the 60-day delinquency rate dropped to 1.40%; the monthly payment rate spiked to 25.30%....
  3. U.S. Credit Card Debt Up at Fastest Clip in 3 Years
    The aggregate volume of U.S. consumer credit card debt in May rose by 5.1%, the fastest clip since June 2008, or $3.3B, lifting the total to $793.1B....
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