Credit Card Defaults, Late Payments Dip in June
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Credit card defaults, late payments mostly decline in June for top issuers; Citi bucks trend Credit card - Business - Citigroup - Financial services - Personal Finance
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July 17, 2010
July 15, 2010
Citibank credit card charge-offs rise in June
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Write-offs of uncollectable credit card debt remained stubbornly high at Citibank for June, as did late payments, bucking an industrywide trend.
July 14, 2010
Credit scores dropping to new lows
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The credit scores of millions more Americans are sinking to new lows. Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders.