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Alliance Data Systems' Charge-offs

The Associated Press

DALLAS (AP) — Alliance Data Systems Corp., which provides marketing and transaction services, said Monday that loan charge-offs among its private label credit segment totaled 10.2 percent in May.

The Dallas company said the loss rate, which measures loans written off as not being repaid to the average portfolio size for the month, moved higher because of seasonal trends.

Alliance Data Systems said it expects the loss rate to be in the high 9-percent range for the second quarter.

For the first five months of the year, the loss rate was 9.3 percent.

Shares of Alliance Data fell $1.34, or 2.8 percent, to $46.94 in morning trading.