Relevant:
- US Credit Card Defaults Surging Higher as Delinquent Balances Reach Record Levels
- Late Payments on US Credit Cards Reach Record High Levels
- Credit Cards For People With Fair Credit Ratings In Short Supply
- Retail Tsunami Hits Gift Cards And No. 2 Mall Operator
- U.S. retail holiday sales rose 4.9%, biggest increase since 2011 (per Mastercard, at least...)
2010-01-15 — researchrecap.com
"U.S. consumers defaulted on store-branded credit cards at near-record levels during the holiday shopping season, with 2010 likely to bring more of the same trend, according to Fitch Ratings."
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