Comments on: Is Credit Card Debt Ready To Explode?

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Tue, 03 Jun 2008 03:59:00 +0000

[...] Is Credit Card Debt Ready To Explode? [...]

By: Bo

Bo — Fri, 12 Oct 2007 05:25:32 +0000

To be honest, I am not quite sure how the CC industry hasn’t reached that point already.

By: MoneyNing

MoneyNing — Thu, 11 Oct 2007 22:08:37 +0000

I’m sure one day it will be a major problem but hopefully it’s not as early as 2009!

By: Hayli Morrison

Hayli Morrison — Thu, 11 Oct 2007 18:28:04 +0000

I just vented about this recently on my Banks.com cc blog. All the lender are bloodsuckers. Ugh, this is frustrating. Will they never learn? I think I’m going to link to this post on my blog today because the topic deserves a follow-up for sure.

By: Patrick

Patrick — Thu, 11 Oct 2007 17:51:10 +0000

Hmmm… The greed never ends, does it? It is a never ending cycle – if the credit companies tightened up their loan requirements, there would be fewer default payments, but also much less profit. In the end they decide to raise the interest rates and fees they charge and write off the deadbeats as a loss (and probably deduct that from their profits.)