More credit card trouble

Discussion in 'Credit Talk' started by keepmine, Nov 11, 2001.

  1. keepmine

    keepmine Well-Known Member

    Baron's is reporting tonight that Spiegil has trouble with their cc portfoilio. One segment is reporting chargeoffs for Sept. that equal an annualized rate of 17.5%! And Providian thought they had trouble.
  2. sam

    sam Well-Known Member

    make sense since they give credit out like candy and increases to boot...
  3. doodyhead

    doodyhead Well-Known Member

    yeah mine charged off a couple years ago.

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