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After Dropping, Credit Card Charge-Offs Are Back On The Rise

After some signs that consumers were starting to catch up on their credit card bills, charge-offs are back on the rise! Reuters: Capital One Financial Corp and Discover Financial Services reported that credit-card charge-offs rose in November — a sign that consumers remain under stress. In a regulatory filing on Tuesday, Capital One said the [...]

Credit Card Charge-Offs Rise In November, Breaking Two-Month Streak

Disappointing news on the consumer front, courtesy of the latest charge-off numbers: WSJ: The rate of charge-offs on U.S. credit cards rose more than a half-percentage point in November, snapping a two-month run of drops from an all-time high in August, and delinquencies rose for the fourth consecutive month, Moody’s Investors Service said. Charge-offs, which [...]