DELINQUENCIES FALL FOR TOP CREDIT CARD ISSUERS

DELINQUENCIES FALL FOR TOP CREDIT CARD ISSUERS


Moody's Investors Service reported  Monday  that U.S. credit card delinquencies fell in August as the six top issuers reported improved numbers, CollectionsCreditRisk.com reported today. Delinquent accounts, the rates at which customers are making payments late by 30 days or more, dropped to 4.70 percent in August from 4.93 percent in July, Moody's said. Chargeoffs for the six top issuers overall climbed to 10.03 percent in August from 9.3 percent in July, reversing a trend of several months of decline.