Credit Tips: Credit Card Default Rates Review

Posted On: May 1, 2006

Author: jds466
Posted: Thu Jan 26, 2006 12:31 am
Post subject: Worst default rates

What is the worst default rate you’ve heard of? Something around 26.9% seems pretty standard, but I talked to a woman whose husband’s retail card defaults to 50.3% for serious delinquincy (2 missed payment within six months).

Author mouse
Posted: Thu Jan 26, 2006 8:17 am
Post subject: Re: Worst default rates

jds466 wrote:
What is the worst default rate you’ve heard of? Something around 26.9% seems pretty standard, but I talked to a woman whose husband’s retail card defaults to 50.3% for serious delinquincy (2 missed payment within six months).

30%+

Author: Board Monitor
Posted: Thu Jan 26, 2006 8:35 am
Post subject: Re: Worst default rates

jds466 wrote:
What is the worst default rate you’ve heard of? Something around 26.9% seems pretty standard, but I talked to a woman whose husband’s retail card defaults to 50.3% for serious delinquincy (2 missed payment within six months).

Wow!!! Retail cards are unreal. What card was this?
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