Tag Archives: credit card delinquencies

A little credit pep talk and other credit news to know this week

Taylor Tompkins

This week’s (un)lucky number is: 2.67 percent  That’s the number of bank card accounts that were 30 days or more late on a payment. We’re a bit down for the count compared to last year, team. You need to strive to…
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Some lenders getting antsy about household debt

Kelly Dilworth

If you’re already carrying a hefty amount of student loan, mortgage or credit card debt, you may have a tough time convincing your lender you deserve another loan. A new survey from the Professional Risk Managers International Association and FICO found that the majority of bank risk professionals cite high debt-to-income ratios (which compare how much debt you owe to how much money you take in) as their biggest source of worry when deciding whether to approve a new loan.
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Capital One charge-offs up, delinquencies down

Jeremy Simon

Credit card issuer Capital One says that charge-offs in its U.S. card business rose in April, while delinquencies fell.
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Citi suffers loss on writedowns, credit costs

Jeremy Simon

Citigroup reported a fourth-quarter net loss of $9.83 billion on subprime-related writedowns and a spike in U.S. consumer credit costs.
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Card delinquencies catch up to Cap One

Jeremy Simon

It looks like the subprime mortgage debacle has begun to spill over to credit cards, with issuer Capital One slashing its earnings outlook amid rising credit card delinquencies.
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