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 cards to pay for basic necessities like food and clothing.” Or maybe you’ve heard the astounding statistics about the number of credit cards the typical person has and the average credit card debt they carry on their cards.
While it hasn’t received as much attention (yet) as the housing bubble and the current credit crunch, you’ll hear more and more about the credit card bubble in the coming years. And it won’t be good news.
Now that lenders are tightening requirements for home owners who wish to get home equity lines of credit (HELOC) or home equity loans, more people will be turning to credit cards for cash.
It won’t be pretty for many.
The Credit Card Bubble Blog at http://www.creditcardbubble.com is a place to consider the impact of the credit card bubble on individuals and the economy. So jump in! Share your thoughts, ideas, tips and forecasts. It’s likely to be down hill from here for a while ..
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Tags: credit card bubble, credit crunch, debt, heloc