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Alliance Data Provides Card Services Performance Update For December 2020
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COLUMBUS, Ohio, Jan. 28, 2021 /PRNewswire/ Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, provided an update on its Card Services segment. The following tables present the Company s net charge-offs and delinquency rate for the periods indicated.
For the
(13)%
(1)
As of
5.8%
In response to the COVID-19 pandemic, the Company has offered forbearance programs to affected cardholders, which provide for short-term modifications in the form of payment deferrals and late fee waivers to borrowers who were current as of their most recent billing cycle prior to the announcement of the forbearance programs. Those accounts receiving forbearance relief may not advance to the next delinquency cycle, including eventually to charge-off, in the same timeframe that would have occurred had
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COLUMBUS, Ohio, Jan. 26, 2021 /PRNewswire/ Alliance Data Systems Corporation (NYSE: ADS) today announced its Card Services business, a provider of market-leading payment products and digital solutions, including Bread
® and Comenity-branded financial services, has signed a multi-year renewal agreement to continue providing private label credit card services for Arhaus
®, a Cleveland-headquartered, family-owned and operated home furnishings retailer with more than 70 locations nationwide.
Arhaus provides globally inspired, heirloom quality furniture and décor for the entire home with a commitment to sustainably sourcing its materials. Known for its high-end furnishings and upholstery, superior customer service and value-rich payment programs, Arhaus was recognized as a Top 30 U.S. furniture retailer by
Alliance Data Provides Card Services Performance Update For November 2020
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COLUMBUS, Ohio, Dec. 15, 2020 /PRNewswire/ Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, provided an update on its Card Services segment. The following tables present the Company s net charge-offs and delinquency rate for the periods indicated.
For the
(13)%
(1)................
6.4%
(1) Compares to 6.3% and 6.1% for the month and eleven months ended November 30, 2019, respectively.
As of
5.9%
In response to the COVID-19 pandemic, the Company has offered forbearance programs to affected cardholders, which provide for short-term modifications in the form of payment deferrals and late fee waivers to borrowers who were current as of their most recent billing cycle prior to the announcement of the forbearance programs. Those accounts receiving forbearance relief may no