This, many suspect, has become a dustbin for anything that firms want to charge off.
The media charge off on gaffe-patrol, while too often ignoring the consequences of what these guys actually promise.
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This leaves American Express in the enviable position of being able to more aggressively issue cards than its competitors given its low charge off rates.
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It now expects an 8.1% credit card charge-off rate, up from 6.7% last quarter.
For example, down-and-out Providian had a charge-off rate of 12.7% in the fourth quarter of 2001.
The charge-off rate is the percentage of credit card debts that the company believes it will never recover.
As the US economy gradually recovers from economic downturn, the industry is witnessing a decline in charge-off rates.
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The charge-off rate (uncollectible balances) is also slowly declining, but still remains high.
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Hence, the charge-off rates determine the overall profits for any credit card issuer.
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However, the annualized net charge-off rate for US credit cards rose marginally from 7.26% in October to 7.56% in November.
If these balances are not paid within 180 days past the due date, it is considered defaulted and classified as a charge-off.
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The charge-off rate of a citizen line of credit program would be considerably lower than the 100% loss rate of the existing welfare system.
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For instance, its credit exposures charge-off ratio for the third quarter was 1.4%, compared to 1.4% for JPM, 2.1% for BAC and 2.8% for Citigroup.
Charge-off rates, the value of loans removed from a company's books and charged against loss reserves, are not necessarily the best indication of lender performance.
There are rises in both the charge-off and delinquency rates, which measure the share of balances that are uncollectable or more than 30 days late respectively.
In the same period, the charge-off rate on credit card loans for the top 100 banks ranked by assets in the country dropped from 9.59% to 4.08%.
While the plant owners are responsible for managing efforts to limit the fallout of radiation leaks on site, it is FEMA that is in charge of off-site activities.
The key to minimizing the charge-off rate of a citizen line of credit program will lie in two areas: tax reform, and how the credit lines are administered.
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In simpler terms, the aim was to build a credit card base by handing out more cards while making sure that charge-off figures are kept as low as possible.
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While this trend might have a significant positive impact to other credit card issuers, American Express has little to gain since its charge-off rates have always been the lowest.
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In 2001, credit card issuers bled slowly as charge-off rates for the top 100 U.S. institutions rose to 5.94% for the fourth quarter of 2001 from 4.55% in the fourth quarter of 2000.
But for those looking for a replay of the Credit Crisis, the net charge-off numbers from American Express ( AXP), Bank of America ( BAC), Citi ( C), Capital One ( COF), Discover ( DFS), and JPMorgan Chase ( JPM) would argue against it as this data continues to improve each and every month.
The Lumia phonemaker said RIM had now agreed to pay both a one-off charge and ongoing payments.
The pilot schemes, which could include controversial plans to charge better-off parents for school bus trips, are scheduled to run until 2011.
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It would be better if fees for ongoing services were treated as running costs and not rolled-up in a one-off charge on shareholders, he says.
Gorski, 27, joined the Marras from Rochdale in April and, after figuring in their play-off charge last season, was delighted to commit to the club.
Excluding the one-off charge the company managed a slim 30 cent a share profit for the latest quarter, a figure albeit lower than expected by Wall Street analysts.
There are only standard charge points in Enniskillen so that would have meant a three hour charge before setting off again and that was time we just did not have.
He said the reasons given for the drop-off charge had changed with the "passage of time", beginning with encouraging public transport aand later changint to the current drop zone not being fit for purpose.
When orbs are matched, the affiliated monsters will charge up and fire off attacks.
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