Fitch: U.S. Credit Card Defaults Fall to 15-Month Low
NEW YORK–(BUSINESS WIRE)–Defaults on U.S. credit cards touched a 15-month low while late payments improved further last month, according to the latest Credit Card Index results from Fitch Ratings. The results were broadly driven with all of the major card issuers exhibiting month-over-month improvements. “The trends are encouraging, but card defaults are still elevated historically and are …
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