Profit Pressure!
Despite hopes for the contrary, credit card charge-off rates continued to escalate through
the most recent quarter. With charge-offs at these levels many card programs are currently generating little or no net income. At the same time the CARD Act makes it difficult to improve performance quickly; issuers must now recognize that any program repricing will take four or more years to be fully reflected in portfolio yield.
Do you have the reporting in place to understand the bottom line of your own program?
Credit Card Expertise, Solutions that Work
At TRK Advisors we are dedicated to providing actionable, high value
advice to our clients. Our engagements are customized to each client's
needs, with measurable outcomes based on industry best practices.
Let us bring you unmatched operational expertise, superior analytics,
unmatched experience and long-term solutions that work for you.
We are happy to announce our partnership with Callahan's (creditunions.com)
for a five webinar series on effective credit card program design and management. For more information email us at info@trkadvisors.com