Sentence examples for defaulting cardholders from inspiring English sources
Never mind the image issue; the sector is rife with fraud, defaulting cardholders and chargebacks associated with contested bills.
The damage to their image is one thing; perhaps worse is that the sector is rife with fraud, defaulting cardholders and the chargebacks associated with contested bills.
CREDIT cards, which caused losses for many American banks during the recession as cardholders defaulted at record rates, are back to producing rising profits across the industry, with the default rate falling and fewer people falling behind on their bills.
Most of these offers are going to cardholders with good or excellent credit scores since they represent less risk of defaulting.
After the tests, American Express was told it did not need more capital, but the company has been hurt by rising credit card defaults, as more cardholders lose their jobs.
By understanding customers' psyches, the companies hoped, they could tell who was a bad risk and either deny their application or, for those who were already cardholders, start shrinking their available credit and increasing minimum payments to squeeze out as much cash as possible before they defaulted.
Online programs like Verified by Visa and MasterCard SecureCode have been operating for half a decade, and in countries where the banks are committing to security, the programs default to automatic enrollment for all cardholders. .
So would the practice of penalizing customers who are late paying an unrelated bill — known as universal default — and the rip-off in which companies charge cardholders new interest on debts that they have paid a month or two earlier.
Responsible cardholders will have to pay more to make up for the defaults of irresponsible consumers.
Gone are the days of handing out cards willy-nilly and hoping that the cardholders who dutifully pay up will offset the losses from those who default.
