Released: December 19, 2005

Credit card charge-offs top 7% in October

Source: Cardweb

Credit card losses, or charge-offs, topped 7% in October due to the surge in bankruptcy filings in the final weeks leading up to the full implementation of the bankruptcy reform laws. The worst is not over, since issuers treat bankruptcy related charge-offs differently.

Read Full Article: Credit card charge-offs top 7% in October