Relevant:
- Hitting the credit card wall -- Credit card debt contracts 17 percent as the grand American household deleveraging continues.
- Credit card debt nearly reaches 2008 levels
- US credit card delinquencies stabilize but unemployment expected to boost chargeoff rate
- Fitch Sees Warning Signs in Rising Credit Card Balances
- First Premier Bank Credit Cards… Now at 79.9% Interest! Thank you, Mr. President.
2008-09-17 — researchrecap.com
"Credit card debt performance is expected to worsen in the second half of 2008, despite a slight dip in July’s charge-off rate from the prior month, according to Moody’s Investor Services’ mid-year review of the U.S. bank credit card sector."
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