Credit Card Charge-Offs Reach Highest Rate Since 2009
PYMNTS
JUNE 9, 2017
Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Synchrony Financial saw the highest charge-off rate at 5.4
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