Content about Receivables

January 18, 2012

Target announced that it has temporarily suspended its efforts to sell its credit card receivables portfolio.

MINNEAPOLIS — Target announced that it has temporarily suspended its efforts to sell its credit card receivables portfolio. The company said it remains committed to selling the portfolio on appropriate terms, but based on discussions with potential partners the company has determined that it is not in its best interests to finalize a transaction at this time.

February 7, 2011

After a year of steadily declining delinquency rates in Target’s credit portfolio, January proved to be a month of stabilization as the percentage of those 60 and 90 days past due on their accounts held steady when compared with the prior month. Accounts 60 days past due represented 4.2% of credit card receivables in January and accounts 90 days past due represented 3.1%. Both figures were identical to levels recorded in December, but well below peak levels seen in February 2010 when the 60 and 90 day past due rates hit their fiscal year peaks of 6.1% and 4.5%, respectively.

After a year of steadily declining delinquency rates in Target’s credit portfolio, January proved to be a month of stabilization as the percentage of those 60 and 90 days past due on their accounts held steady when compared with the prior month. Accounts 60 days past due represented 4.2% of credit card receivables in January and accounts 90 days past due represented 3.1%. Both figures were identical to levels recorded in December, but well below peak levels seen in February 2010 when the 60 and 90 day past due rates hit their fiscal year peaks of 6.1% and 4.5%, respectively.

January 10, 2011

Trends in Target’s credit business continue to improve and delinquency rates in the portfolio are now at their lowest level in several years. Accounts 60 days past due in December represented 4.2% of the receivables portfolio, compared with 4.6% in November, and hit their lowest level since April 2008. The same was true of the 90-day delinquency rate where accounts 90 days past due in December accounted for 3.1% of the portfolio, compared with 3.3% in November, and hit their lowest level since July 2008.

Trends in Target’s credit business continue to improve and delinquency rates in the portfolio are now at their lowest level in several years. Accounts 60 days past due in December represented 4.2% of the receivables portfolio, compared with 4.6% in November, and hit their lowest level since April 2008. The same was true of the 90-day delinquency rate where accounts 90 days past due in December accounted for 3.1% of the portfolio, compared with 3.3% in November, and hit their lowest level since July 2008.

 

 

 

August 8, 2010

Further improvements in delinquency rates are getting harder to come by, according to July data...

July 11, 2010

Delinquency trends within Target’s portfolio of credit card receivables continued to show improvement in...