{"id":111385,"date":"2009-12-29T10:53:00","date_gmt":"2009-12-29T15:53:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/credit-card-charge-offs-rise-for-november-2009-12"},"modified":"2009-12-29T10:53:00","modified_gmt":"2009-12-29T15:53:00","slug":"credit-card-charge-offs-rise-in-november-breaking-two-month-streak","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/111385","title":{"rendered":"Credit Card Charge-Offs Rise In November, Breaking Two-Month Streak"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=98b9b91419332d4afe085e00\" border=\"0\" alt=\"credit card sticker amex visa discover\" \/><\/p>\n<p>Disappointing news on the consumer front, courtesy of the latest charge-off numbers:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703510304574626022292779340.html?mod=rss_whats_news_us_business\">WSJ<\/a>: The rate of charge-offs on U.S. credit cards rose more than a half-percentage point in November, snapping a two-month run of drops from an all-time high in August, and delinquencies rose for the fourth consecutive month, Moody&#8217;s Investors Service said.<\/p>\n<p>Charge-offs, which are those loans a credit-card company doesn&#8217;t think it will be able to collect, were 10.6% for November, compared with 10% in October. The ratings firm also said the delinquency rate, which gives a glimpse of issuers&#8217; potential losses and how much they may need to set aside in reserves, rose to 6.2% in November.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703510304574626022292779340.html?mod=rss_whats_news_us_business\">Read the whole story &#8212; &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/credit-card-charge-offs-rise-for-november-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/stiglitz-we-still-need-a-second-stimulus-else-the-us-double-dip-2009-12\">Stiglitz: The U.S. Will Crash Again Unless We Pass Even More Stimulus<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/chris-dodds-incredibly-stupid-credit-card-rate-freeze-will-destroy-the-consumer-2009-10\">Chris Dodd&#8217;s Incredibly Stupid Credit Card Rate Freeze Will Destroy The Consumer<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/layaway-is-back-in-time-for-the-holidays-2009-11\">Desperate Retailers Bring Back &quot;Layaway&quot; Plans For The Holidays<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/10cb0HjMMtc\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disappointing news on the consumer front, courtesy of the latest charge-off numbers: WSJ: The rate of charge-offs on U.S. credit cards rose more than a half-percentage point in November, snapping a two-month run of drops from an all-time high in August, and delinquencies rose for the fourth consecutive month, Moody&#8217;s Investors Service said. Charge-offs, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-111385","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/111385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=111385"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/111385\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=111385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=111385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=111385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}