Category Archives: Pop the Bubble

Garnishments Increase

There’s a disheartening article on the front page of The New York Times web site this morning: “Pay Garnishments Rise as Debtors Fall Behind“. Every article has a slant and story to tell. This one tells a story that isn’t pretty. It offers examples of lenders, credit card companies, and banks asserting their advantage over …

April 2, 2010 – 8:38 am | By rick | Posted in Garnishments, Pop the Bubble | Tagged , , | Comments (1)

Credit Card Delinquencies Hit Record High

USA TODAY reports “More consumers fall behind on paying credit cards“. As consumers lose access to home equity loans and lines of credit and as credit card companies change terms, consumers are being squeezed. As a consequence of the credit crisis, Fitch Ratings expects credit card charge-offs to approach 9% in the second half of …

February 14, 2009 – 9:40 am | By rick | Posted in Credit Card Industry, Debt Statistics, Pop the Bubble | Tagged , , | Comments (0)

House of Cards

Don’t miss “House of Cards: Why Analysts Fear $1 Trillion Credit Card Market Could Be Next Crash” by Martha C. White in the 1/21/09 issue of The Washington Independent.

January 28, 2009 – 6:09 am | By rick | Posted in Credit Card Industry, Pop the Bubble | Comments (0)

The Pop is Going to Hurt

“Credit Card Debt: This Popping Bubble is Really Going to Hurt“, an article in AlterNet’s Corporate Accountability and WorkPlace news, offers a fairly complete perspective of what we face in terms of the credit card bubble. Most telling are the comments of readers. They range from “pay off your credit cards as soon as you …

January 17, 2009 – 2:05 am | By rick | Posted in Pop the Bubble | Tagged , | Comments (0)