Red card woes

September 23, 2008 at 1:24AM

Target shoppers have been putting more items on their Red Cards, but lately, even more of them aren't paying.

August delinquencies: $627.4 million

Increase from July: $50. 5 million

Net amount Target wrote off: $68.7 million

Increase from July: $6.2 million

Write-offs as a percent of receivables: 9.86 percent

Source: Target Corp.

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