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 [...]

For some reason the credit card companies want us to believe things are bad and good at the same time.  They claim defaults are down while delinquency is up.  I have worked in the credit card collections business, so it makes sense to me.  The reports are put out in a way to show investors [...]