real-time news and commentary for investors
Monday, Jul 9
2012, 7:43 AM
Credit card delinquency rates just keep on falling, baffling even the card issuers themselves...
Credit card delinquency rates just keep on falling, baffling even the card issuers themselves who expected the improvement to stop a year ago. The key is todays environment in which those with good credit histories and jobs are extended credit, and those without aren't. Shocking. The news could mean card company earnings being a bright spot in an otherwise difficult quarter for financials.