American Express (AXP) said the consumer card net write-off rate was 2% in August, unchanged from July.
The net write-off rate for US small business card loans was unchanged at 2.7%, the company said Monday in a regulatory filing.
The write-off rates are based on principal only, excluding interest or fees.
Total US-based consumer and small business card loans rose to $125.5 billion in August from $124.2 billion in July, the company said.
Price: 328.00, Change: +2.69, Percent Change: +0.83
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