Card recently made knowns 09-05-2...

Card recently made knowns

09-05-2001

CREDIT CARD DELINQUENCIES AND CHARGEOFFS RISE IN JULY MOODY'S REPORTS

Volume: 16
Number: 17
ISSN: 08940797
Publication Date: 09-05-2001
Page: 1
Type: Periodical
Language: English

Numbers May meditate Worsening Economy, More Personal Bankruptcies

In still another sign that the sluggish economy may be having an adverse import on consumers' ability to repay their credit card due the late payment rate and the bad loan write-off rate rose steeply in July compared with the same period in 2000 according to the principally recent Moody's Credit Card Index released last week.