CHESSNOID

Do you find it odd that banks are paying back TARP, unemployment supposedly went down from 10.3% to 10%, and GDP expanded by 3.5% and yet the credit card delinquency is still rising?  At least for the credit card companies who are not cooking the books and manipulating their numbers.
Reuters: U.S. credit card charge-offs resume [...]

Awhile back, I saw this video from Rockerchic4God and posted her video here on my blog.  I will repost her video below so you can listen to her explanation of why she has decided to withhold her payments from her credit card company.  In a nutshell, the bank increased her interest rate and minimum monthly [...]

As always different sources try to spin the same stories as good and bad.  According to Transunion the delinquency has improved.  They base that on the data they collect (which they don’t do very accurately).  Just pull up your credit report and you will find some inaccuracies.
Nasdaq:
Consumer data collection firm TransUnion reported Monday that credit [...]

During this severe recession, we experienced and extreme credit crunch that basically made all banks stop lending.  All credit was literally frozen.  That is one of the reasons why we bailed out the banks with taxpayer money.  The belief was that the banks could use this money to loosen credit up and get the flow [...]