As a percentage of credit card chargeoffs, bankruptcy has continued a steady climb since August. According to CardData ([www.carddata.com]) bankruptcy related chargeoffs hit 38.9% in February compared to 36.8% for August. Among card issuers with less than $100 million in card loans, the figure has grown from 33.4% in August to 35.0% in February. Meanwhile other performance indices for February show that delinquency, chargeoffs and attrition are heading upward.
FEBRUARY PERFORMANCE STATS
For explanation of measurements visit CardData (www.carddata.com)