From Bloomberg | Bank of America said
overdue credit-card loans fell in February to their lowest in more than a
year, signaling declining write-offs ahead after 2009’s record losses. The top six U.S. card lenders typically report write-off and delinquency
data on the 15th of each month. Earlier today, Capital One Financial
Corp., based in McLean, Virginia, and Riverwoods, Illinois-based
Discover Financial Services, also posted declines in overdue loans.
Bank of America reports first-quarter results tomorrow.
Get the full story: businessweek.com.
Skank of America has cut available credit to many, many individuals—kind of hard to go delinquent if you don’t have the credit. I say whoever has credit with them should go delinquent and stiff them!