You’re a Responsible Borrower? ‘So What?’ Say Credit Card Banks
Filed under: Credit Cards
Lately, the banks that issue credit cards have seen some significant improvement in the way their customers have been treating them.
But it probably comes as no big surprise to discover that the card companies aren’t repaying the favor.
Last week, several card issuers released May figures on the health of their credit card lending. Specifically, each bank spelled out the percentage of their loans that they don’t expect to be able to collect (known as the charge-off rate) as well as the…
You’re a Responsible Borrower? ‘So What?’ Say Credit Card Banks originally appeared on DailyFinance.com on 2012-06-21T15:20:00Z.
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