ADS - Alliance Data credit card net charge-offs delinquency rates rise in October

Alliance Data Systems (NYSE:ADS) credit card net charge-offs and delinquency rate both rise in October from the previous month as consumers borrow more on their cards and metrics start to normalize. October 2021 credit card delinquency rate of 3.9% increases from 3.8% in September, but is still well below the 4.9% rate from October 2020. Alliance Data's (ADS) net charge-off rate of 4.1% in October increased from 3.5% in September and 3.8% in October 2020. Principal receivables at the end of October were $15.2B, up from $14.9B at Sept. 30, 2021. Previously (Oct. 28), Credit card delinquency rate edges up in September, net charge-offs stay low

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Alliance Data credit card net charge-offs, delinquency rates rise in October