Advanta Corp. announced it is freezing almost a million accounts as a consequence of an unprecedented 20.15 percent default rate in April. The Philadelphia Enquirer has the story in “Advanta moves up card-freeze date“. This article begs the question, what does a credit card company do when the default rate climbs so high that being …
Category Archives: Credit Bubble News and Views
Credit Bubble News and Views
Changing credit card terms squeeze consumers Losses Of Canadian Credit Card Firms Forecast To Hit $800 Million Target credit card delinquencies up 4 percent in December US credit card delinquencies at record highs -Fitch
Welcome to the Credit Card Bubble Blog!
If you’ve watched the television news lately, you’ve heard about the housing bubble. You’ve probably also heard about the general debt bubble. One thing that you may not have heard mentioned frequently is the credit card bubble. You may have heard it in passing. The comments were similar to, “home owners are maxing their credit …
