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HomeGood News!! Credit Card Delinquencies Declining
Posted by Larry Doyle on June 16th, 2010 1:30 PM |
In the midst of challenging twists and turns along our economic landscape, I find it heartening to come across a bit of positive news.
Declining credit card delinquencies should be juxtaposed to the fact that mortgage delinquencies continue to increase. That divergence indicates to me that American homeowners are making their card payments prior to their mortgage payments. Why? Banks will quickly pull their cards while working with homeowners to modify their mortgages and allowing them to remain in their homes for an extended period. (more…)
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…)
