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Discover Financial Service's Delinquency Rate Rises
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Discover Financial Service reports a rise in credit card delinquency rates to 3.9%, with charge-offs increasing. The company also sees growth in card loans and a decline in payment rates. Discover Financial Service anticipates further losses and plans to explore the sale of its student loan business.
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How does the potential sale of its student loan business reflect the company's overall financial strategy?
How might the rise in credit card delinquency rates impact consumer spending and credit score ratings?
What strategies could Discover Financial Service employ to mitigate the potential losses and improve its financial position?
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