Credit Card Companies’ Focus On Subprime Increases Rate Of Missed Payments
PYMNTS
OCTOBER 25, 2016
Credit card companies have not been shy when it comes to lending to subprime customers , but according to new data from TransUnion, that strategy is starting to backfire for the credit card issuers. percent for credit cards issued in 2014 and 1.5 percent for credit cards issued in 2013.
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