Providian charge-off rate

Discussion in 'Credit Talk' started by Y.M., Apr 19, 2001.

  1. Y.M.

    Y.M. Guest

    Providian reported Q1 earning this morning and charge-off rate is very high"the managed net credit loss rate in the Q1 was 9.34%,the 30+ day delinquency rate was 7.64% at quarter end.....".
  2. dave

    dave Well-Known Member

    those are big numbers--more than twice the rate of most cc companies. Now I understand the 23.99 rate with no grace period.

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