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Credit Card Bills and the Credit Crunch

Started by washingtonindependent · 10 months ago

The credit crunch is hitting people right where it hurts: More consumers are paying their credit card bills late, and credit card companies are becoming increasingly aggressive about going after their money, The Wall Street Journal says today.
The percentage of credit card delinquencies rose ... Continue reading »

1 comment

  • burrmsp

    10 months ago

    I really feel the credit card companies’ pain. It must be difficult to award easy credit to risky customers and want payment, charge interest rates that a loan shark would envy, have Congress' acute attention when they come lobbying for interest rate and service fee increases, and to mettle in bankruptcy law changes which restricts legitimate use by consumers.

    Credit Card companies it is time to take responsibility and be accountable to the decent and hardworking Americans who pay their bills and make sacrifices. Maybe less is better-fewer credit card companies.
    reply

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