Bank credit card write-offs fell 39% in 2011, to 5.5% of accounts, claims Equifax.  Retail card...

|By:, SA News Editor
Bank credit card write-offs fell 39% in 2011, to 5.5% of accounts, claims Equifax.  Retail card write-offs, meanwhile, fell 26%, to 8.4% of accounts. The credit information provider sees this trend, along with increasing card originations and stabilizing balances, as "a precursor to balance increases," which could help return bank lending operations to profitability. (consumer credit)