Charge-Off

naked capitalism Jun 24

Wow, the credit loss numbers keep getting worse and worse. And although a lot of observers like to attribute banks slashing credit lines and jacking up rates to pending pro-consumer rule changes, the more obvious culprit is their hemorrhaging...

New High For U.S. Charge-Offs

Forbes Jun 24

The rate of uncollectible loans hit 10.6% in May, a record figure for Moody's Credit Card Index.

U.S. Credit Card Charge-Offs Surpass 10% in May, Moody’s Says

Bloomberg Jun 24

U.S. card charge-offs topped 10% in May: Moody's

MarketWatch Jun 24

Capital One Unadjusted Charge Off Rate Hits Record 9.91%

Zero Hedge Jun 15

A number you won't hear much about on CNBC: Capital One's official annualized U.S. credit card net charge-off rate hit 9.41% for May, however as footnote (1) advises, the real charge-off rate was actually 9.91%, a record for the company. Companies...

U.S. Banks 1Q Charge-Off and Delinquency Rates (Table)

Bloomberg May 19

U.S. commercial bank loans written off as unrecoverable increased in the first quarter, according to the Federal Reserve.

Do Charge-off Rates impact the UltraShort Real Estate ETF?

Trade Radar Mar 17

You may have noticed today that the ProShares UltraShort Real Estate ETF (SRS) was up strongly Monday (3/16/09), tacking on almost 16%. This is far in excess of the 4% that the UltraShort Financial ETF (SKF) rose. What gives? It could be that...

J.P. Morgan card chief sees 7% charge-offs as job loss grows

MarketWatch Feb 26

Gordon Smith, the chief executive of J.P. Morgan Chase's credit card business said he expects net chargeoffs of 7% for the first quarter, and said regions with the biggest home price declines and highest unemployment are hardest hit. "We expect...

Crashing & Burning At Prosper.com

Dual Income No Kids Oct 28

It was likely to happen eventually, four more of our loans on Prosper.com have defaulted. While the total loss was only of $287.7, its a bit disheartening to see the dollars evaporate into nothing. Part of the reason for the delinquencies was...

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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.

A "charge off" is made by a company when they deem an asset to have a lower fair value than recorded value. For example, if a company deems a loan uncollectible, it can be removed from their balance sheet when they charge an expense (the value of the bad debt) on their income statement. Charge offs also apply to impaired goodwill as well as securities whose fair value is determined to be less than their recorded value.

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Charge-Off

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