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Posts Tagged ‘Smart Money’

These Companies Do Not Want Your Business

Posted by Larry Doyle on March 21st, 2009 2:11 PM |

Many credit card companies are now offering incentives for a wide range of their customers to “take their business elsewhere” and return their cards in the process. Are these companies trying to turn business away? Have they expanded too rapidly? Are they having operational issues? Are they afraid of what the future holds?  In a word, the simple answer to all those questions is YES!!

Credit card companies are already experiencing a significant increase in delinquencies and defaults and expect both those figures to ratchet higher in the face of rising unemployment.  (more…)






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