Do Retail Store Closures Affect How Consumers Pay Their Private Label Credit Cards?

April 26, 2018 Theresa Freas

In our changing retail landscape, many stores are closing and retail chains head into bankruptcy. Consumers who owe money on their private label credit card may wonder what it means when their local store disappears or the retail chain liquidates. Some consumers could decide not to pay their debt, either thinking “why should I pay?” or “do I still owe?”  They may be unaware of how this affects their credit and finances, and how it reflects on their general debt repayment behavior.

Join Equifax and Moody’s Analytics for new insights as we explore this phenomenon. As part of our quarterly US Economic & Consumer Credit Trends Outlook webinar, we will take a deep dive into retail store closures and private label card performance, indicative of consumer behavior in debt repayment. Additional topics will be covered throughout the webinar, including:

  • U.S. Macroeconomic Overview
  • U.S. Consumer Credit Trends
  • Special Report: Retail Store Closures and Private Label Card Performance

Equifax chief economist Amy Crews Cutts once again welcomes guest speaker Cristian deRitis, senior director with Moody’s Analytics. Amy and Cris will deliver insights that can help drive strategic growth at your organization.

 

The post Do Retail Store Closures Affect How Consumers Pay Their Private Label Credit Cards? appeared first on Insights.

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