Analytical Reports on Capital One Financial Corp. and Discover Financial Services - Credit Services Better in July
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Most credit service providers were aided by defaulting on fewer payments in July despite the recent slowdown in the economic recovery.
brings investors free classic analysis on Capital One Financial Corp., Discover Financial Services and other companies within the Credit Services industry. This type of analysis is only a fragment of the information members have available to them. To learn more we encourage investors to sign up at .
Discover Financial Services said that in July its customers defaulted at the lowest rate since prior to the recession. The company wrote off $54.4 million in uncollectible bills in July, an improvement over June in which it wrote off $59.4 million. Similarly, Capital One Financial Corp. said defaults declined to $169 million in July after reaching $198 million June. gives traders a unique insight about and by registering now at
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In addition to favourable default data, high gas and commodity prices continue to pressure many consumers to put more expenses on their credit cards.
Moving forward, July's default reports were a positive sign for the industry. The effects of the latest economic slowdown may not appear until August's figures are reported though and these will be well worth tracking for investors in the credit services industry.
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Datum: 24.08.2011 - 06:51 Uhr
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