Quality | 2009.10.29
Fitch: U.S. Credit Card Performance Measures Mixed as Chargeoffs Drop
NEW YORK--(BUSINESS WIRE)--U.S. credit card performance measures exhibited mixed results last month with chargeoffs declining for the second time in three months while delinquencies resumed their upward trends according to the latest Credit Card Index results from Fitch Ratings. The results come as consumers continue suffer from high unemployment rates and a lack of credit availability. "U.S. consumer credit quality measures remain pressured and chargeoffs will stay high until we see some improv
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