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American Express Reports Increased Credit Losses

Tags » American Express, Card Issuers, Credit Card Debt Counseling, Credit Cards  » Comments (0)

American Express this afternoon reported February statistics for its US credit card portfolio which showed that the net chargeoff rate grew from 8.1% to 8.6% (managed basic) while the total amount outstanding continued to decline.

Posted: Mar 16, 2009 07:28 PM Pacific |   |   |   Tweet This

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