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ADS - Alliance Data Systems' September card delinquency drops and net charge-off move lower
Alliance Data Systems Corporation
In its update on Card Services segment, Alliance Data Systems (NYSE:ADS) reported credit card delinquency rate of 3.8% as of Sep.31, 2021 compared to 4.7% in year ago period. Net charge-offs as a percentage of average receivables of 3.5% edges lower from 3.9% in September 2020. August saw card delinquency ticking higher and improvement in charge-off rate.