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Late-stage credit card delinquencies rose 2 bps in October to 1.71%, according to Fitch, the...
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Wednesday, November 14, 2012, 2:48 PM ETLate-stage credit card delinquencies rose 2 bps in October to 1.71%, according to Fitch, the first increase in a year. Other reads were more favorable, with early-stage delinquencies flat at 2.21%, and the charge-off index falling 13 bps to 4.16% - the lowest in nearly 6 years. Don't count credit card companies in with those hurt by low rates - their interest margin is near a record-high 11.2%.
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