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ADS - Alliance Data Systems reports 4.6% in January credit card net charge-off rate
Alliance Data Systems Corporation
Alliance Data Systems (NYSE:ADS) credit card net charge-off rate stood at 4.6% in January 2022 marginally higher from 4.5% in December and in-line with 4.6% reported as of Jan.31, 2021. On Y/Y basis, average receivables saw a 4% growth for month ended Jan.31, 2022. Delinquency rate of 4.2%, inched lower from 4.3% as of Jan.31, 2021. Read, December credit card net charge-offs.