Credit Card Delinquencies Jump To Near High March 03, 2010

--Olivia Thetgyi

Credit card delinquencies jumped to near record levels in January, mostly driven by a payment holiday for Chase credit cardholders that pushed off more chargeoffs into the current period. Fitch Ratings’ prime credit card chargeoff index jumped 112 basis points to 11.37% in January, the second highest level after the record of 11.52% set last September, and is 54% above ...

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