A sharp drop in credit card chargeoffs in January is being held up by some analysts as a sign that lenders may be putting last year's crisis behind them.

Chargeoff rates, which had been trending downward late last year from record levels in the second quarter, in January tumbled to their lowest level in 11 months, according to reports from several rating agencies.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.