Tag Archives: credit card delinquencies

Banks are Hurt by Credit Cards

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 …

May 11, 2009 – 4:55 am | By rick | Posted in Banking Industry | Tagged , , , | Comments (0)

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

February 16, 2009 – 8:09 am | By rick | Posted in Credit Bubble News and Views | Tagged , , | Comments (0)

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)