Help With Credit Card Debt » credit card crisis http://helpwithcreditcarddebt.org Wed, 07 Jul 2010 01:13:15 +0000 en hourly 1 http://wordpress.org/?v=3.0 How To Survive The Coming Credit Card Crisis http://helpwithcreditcarddebt.org/2008/12/21/how-to-survive-the-coming-credit-card-crisis/ http://helpwithcreditcarddebt.org/2008/12/21/how-to-survive-the-coming-credit-card-crisis/#comments Sun, 21 Dec 2008 08:34:50 +0000 Admin http://helpwithcreditcarddebt.org/?p=19 While the economy tumbles and the government rushes to help stop the housing crisis, another danger is lurking–in your wallet.

Credit cards are shaping up to be the next chapter in the financial meltdown, promising to stymie consumer spending, drag on the economy and force a whole new wave of financial difficulty on Americans.

On Monday, Capital One disclosed rising delinquencies and loan losses for the month of November because of unemployment and the weakening economy. Loans at least 30 days past due made up an annualized 4.7% of the portfolio, up from 4.48% in October and loans charged-off rose to an annualized 6.98% from 6.54% in October.

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