Amex bad loans at 10%!!!

Cucumber · 10:34 AM

Am I reading this correctly? What is the American Express default rate? If I'm reading this right it says that it is now 10%!!!! That is pretty crazy to think that 1 in 10 cardholders they have is bad debt. Seriously there must be a lot of cardholders right now with screwed up credit in the US with such high default rates we're seeing everywhere.

American Express Posts Card Write-Offs at 10 Percent (Update2) - Bloomberg.com

10:34 AM	#1
Cucumber Centurion Member Join Date: Apr 2008 Location: Zuma Posts: 453	Amex bad loans at 10%!!! Am I reading this correctly? What is the American Express default rate? If I'm reading this right it says that it is now 10%!!!! That is pretty crazy to think that 1 in 10 cardholders they have is bad debt. Seriously there must be a lot of cardholders right now with screwed up credit in the US with such high default rates we're seeing everywhere. American Express Posts Card Write-Offs at 10 Percent (Update2) - Bloomberg.com __________________ OBAMA Stop talking crap about him and give him a chance!

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode