Credit Card Debt a $915 Billion Disaster-in-Waiting for Banks
Think the estimated subprime debt load carried by the big international banks is big, at $1 trillion? How about this: Americans now owe nearly as much – a record $915 billion – on their credit cards alone. And defaults and delinquencies in the credit card sector are piling up – which means big banks are [...]
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In this blog you can get the necessary information before applying for a new credit card or before transferring your balances to a lower APR credit card. Make an educated decision before making a financial commitment; search our database of credit card related articles and the comments other bloggers have been making. We appreciate if you can provide first hand information on any major or sub-prime credit card issued for the US market by both US or foreign banks. Let’s uncover what is behind the advertisements and the press releases of credit card companies! At Credit Card News you are welcome to post how credit cards worked for you in real-life situations.
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