Five of the six largest U.S. issuers of credit cards reported a drop last month in then percentage of credit-card balances deemed uncollectable. The drop suggests consumers may be making headway in their efforts to pay off their debts.
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Rate of Uncollectable Credit Card Balances Drops in September originally appeared on DailyFinance on Fri, 15 Oct 2010 17:28:00.
Filed Under: JP Morgan Chase, American Express, Bank of America, Citigroup