Concerns over credit quality have driven down the prices of credit card portfolios, according to a survey by R.K. Hammer Investment Bankers.

Average weighted premiums on portfolio sales dropped to 13.25% in the first seven and a half months of 1997, from 17.70% in the same period last year.

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.