Tag:
Credit Debt
Latest Headlines
Latest Headlines
Banks cutting deals on consumer card debts
More credit card customers at top banks are finding they are really in the driver's seat when it comes to deals. A lot of credit card debt has been written off already, and most assume that a lot more is coming. That has banks apparently taking some extreme steps to salvage what they can.
The
Credit card debt starting to creak
There's about $365 billion market in credit-card debt-backed securities out there. And there is fear that it will go the way of its subprime-backed cousin. The card not nearly as large, but as the economy sours, it seems fait accompli that more consumers will fall behind. Business Week notes b
