The New York Times has this story: “Rising Credit Card Losses Are Next Challenge for Banks“. Eric Dash and Andrew Martin do a good job of explaining the extent of trouble banks are having and are going to have with credit cards. “Even the government’s grim projections may vastly understate the size of the credit …
Tag Archives: credit card debt
Canadian Credit Card Bubble
It’s small comfort, but we in the U.S. are not alone in the credit card bubble.
Guiding Financial Principal: Don’t Spend What You Don’t Have
In “Some Chuck Credit Cards to Avoid Late Fees, Debt“, good arguments are made for avoiding the use of credit cards – entirely. Of course, the article also contains all the usual pro-credit card positions related to building a credit history, maintaining a high FICO score, and convenience. And the article offers a few significant …
Credit Card Interest Rates on the Rise
USA TODAY reports, “Credit card rates hustle higher“, in an article that describes what banks are doing to make up for losses on consumer lending and home loans. Some credit card customers’ interest rates are being increased by 100%. And good credit scores don’t seem to matter according to the article. It’s not looking pretty.
