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Card Chargeoff Glut Starts to Hit Recoveries

Authors :
Aspan, Maria
Source :
American Banker. Nov 10, 2008, Vol. 173 Issue 217, 1
Publication Year :
2008

Abstract

As credit card chargeoffs climb, the amount issuers can expect to recover quickly on these debts is falling. The increased supply of charged-off receivables has lowered the prices secondary buyers [...]

Subjects

Subjects :
Credit cards -- Economic aspects
Credit cards -- Usage
Debt -- Management
Company business management
Banking, finance and accounting industries
Business
Economics

Details

Language :
English
ISSN :
00027561
Volume :
173
Issue :
217
Database :
Gale General OneFile
Journal :
American Banker
Publication Type :
Periodical
Accession number :
edsgcl.188711743

Tools

Authors Abstract Subjects Details