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April 2008 | creditor Highlights from insideARM

Want a snapshot of the economy? Look at credit card charge off numbers. This month, Kaulkin Media Consumer Finance Analyst Dimitri Michaud notes that the three largest issuers – together they account for more than 50 percent of U.S. credit card receivables – all reported higher charge offs in the first quarter.

We also are running an item covering common sense ‘Best Practices’ for creditors and collectors in operating their account receivables department. The item is from The Accounts Receivable Network (TARN).

Please scroll down to our list of top recent stories. There are write ups of quarterly card numbers from large issuers; the U.S. Chamber defends the National Arbitration Forum; AmEx buys a GE portfolio and Discover buys parts of Diners; and more. Cheers.

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This Month's Featured Articles

Card Charge Offs Latest Sign of Rising Consumer Debt

Prices and unemployment are up, and the big credit card issuers have been reporting rising charge offs as well. This spring, the economic negatives have far outweighed the positives.

Read the whole story →

Compliance Essential for Effective Accounts Receivable Management

Act quickly to pursue overdue accounts, but be careful to follow the federal and state rules or you will face the financial consequences.

Read the whole story →

B-Line

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