CHESSNOID

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 [...]

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 [...]

You have good to perfect credit, a high FICO score, and you haven’t made any late payments to any creditor.  Why the surprise when you open your statement and your credit card company gives you an unwanted gift in the form of higher rates, higher minimum payments, lower credit limits, and of course higher fees?  [...]