Target, facing slower sales and rising delinquencies in its credit-card business, said Thursday it's further tightening finance terms for for its card holders — even those with good standing.

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NEW YORK — Target, facing slower sales and rising delinquencies in its credit-card business, said Thursday it’s further tightening finance terms for its card holders — even those with good standing.

The discounter also may become even more stringent if credit conditions keep deteriorating.

Executives told analysts at the company’s annual investor meeting that it was tightening terms for all customers, from high-risk to safer customers, who live in areas that have suffered the biggest blow from the housing slump.

Target is also moving quickly to tighten standards for inactive cardholders who suddenly start using their cards again and who may already be struggling, company officials said.

Reflecting the overall tightening of credit in the marketplace, Target noted that it’s seeing lower credit-card usage among its shoppers for the first time since 2001-2003.

“This is a clearly challenging time,” said Terry Scully, president of Target Financial Services, citing higher credit-card delinquencies in areas such as California, Arizona, Florida and Nevada.

Target reported Wednesday that its annualized net charge-off rate rose to 10.1 percent in September. The company said Thursday that it expects its net write-offs as a percentage of receivables for the full year would be around 9 percent, up from the 8 percent to 9 percent it estimated in August.