Author Topic: anyone else seeing a huge spike in charge-offs for Nov?  (Read 1928 times)

rubicon

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anyone else seeing a huge spike in charge-offs for Nov?
« on: December 01, 2016, 03:19:27 AM »
My Nov's charge-offs were 2.8x my Oct's charge-offs.

rawraw

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Re: anyone else seeing a huge spike in charge-offs for Nov?
« Reply #1 on: December 01, 2016, 05:00:04 AM »
I normally just wait for the account statement to come out.  But I suspect my net charge offs declined this month after rising for the past two months.

lascott

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Re: anyone else seeing a huge spike in charge-offs for Nov?
« Reply #2 on: December 01, 2016, 04:09:17 PM »
I typically wait for the account statement as well. I stopped buying for about 5 months and just now starting up. I get more charge offs than I expected for my pretty conservative account.



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mschoenf

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Re: anyone else seeing a huge spike in charge-offs for Nov?
« Reply #3 on: December 02, 2016, 04:25:31 PM »
Nov. was the first month since I began investing 5 years ago where Chargeoffs exceeded interest income.  I hadn't checked the count, but I assume that goes along with what you're seeing.  :'(

RyanL

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Re: anyone else seeing a huge spike in charge-offs for Nov?
« Reply #4 on: December 07, 2016, 04:36:09 PM »
My charge-offs have remained pretty consistent over the last 3 months with November actually performing slightly better than October and September. However August was a tough month for my account - lots of variables in play.