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 Credit Card Defaults Surge Most Since Financial Crisis

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Credit Card Defaults Surge Most Since Financial Crisis Vide
PostSubject: Credit Card Defaults Surge Most Since Financial Crisis   Credit Card Defaults Surge Most Since Financial Crisis Icon_minitimeSat Jun 10, 2017 9:54 pm
In late April, after some disturbing monthly charge-off reports from major credit card vendors, we reported that according to the latest data from the S&P/Experian Bankcard Default Index, as of March 2017, the default rate on US credit cards had jumped to 3.31%, an increase of 13% from a year ago, and the highest default rate since June 2013.

Credit Card Defaults Surge Most Since Financial Crisis Credit%20car%20default_0

http://www.zerohedge.com/news/2017-06-09/credit-card-defaults-surge-most-financial-crisis
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