Sentence examples for credit card defaults from inspiring English sources

Credit card defaults will rise.

Bank of America and Capital One Financial said credit card defaults rose in July.

Mr. Blitzer pointed to the rising rate of credit card defaults as a reason to worry about the economy.

That era is rapidly receding as home equity shrinks, foreclosures spiral upward and credit card defaults increase.

J.P. Morgan Chase, the third-biggest U.S. bank, said first-quarter profit rose to a record, buoyed by higher fees from investment banking and fewer credit card defaults.

Spiegel, based in Downer's Grove, Ill., filed for bankruptcy in March 2003 after declining sales and credit card defaults left it with $1.7 billion in debt.

Discover's expenses fell 10percentt as it cut 500 jobs and trimmed marketing spending, and its credit card default rate was lower than that of its bigger rivals.

Expectations that the clampdown on credit card default charges would be a precursor to a more widespread clampdown on bank charges, now appear wide of the mark.

It is possible, however, that the delayed rise in the credit card default rate partly reflects the decision by those compiling the indexes to wait longer to consider an account in default.

According to consumer group Which?, since a cap was implemented on credit card default fees card providers have increased costs for users in other areas, which appear to be an alternative means of recouping revenue.

The surge in credit card borrowing comes as credit card default rates are gradually rising, albeit from low levels, and may reflect the fact that it has become harder for consumers to borrow against the value of their homes, both because home values have fallen in many markets and because mortgage lending standards have tightened.