"Card issuers report fewer delinquencies; Positive sign offset as more default on mortgages" by Associated Press | August 18, 2009
The slight increase in the monthly credit card data also could be attributed to the fact that consumers are striving to maintain a good relationship with their card companies, said Ezra Becker, a consultant for TransUnion LLC, a leading consumer credit rating company.
My relationship ended year ago, snip, snip, snip.
“They recognize that in a recession their credit cards are their primary cash equivalent resource,’’ Becker said. “Credit cards really help a lot of people make it from paycheck to paycheck or tide them over in periods of unemployment.’’
The ARROGANT CHUTZPAH is really something to behold. They just don't get it.
Still, some of the uptick is more likely due to credit card companies culling the riskiest customers, which will in time lower default and delinquency rates, said bank industry analyst Richard Bove of Rochdale Securities....
Translation: they rigged the numbers. Business section is full of that kind of s***.
Related: You Can't Bank on Bankers' Good Will
Ah, you LIKE DEBT, 'murkn!
On the mortgage front.... while the delinquency rate hit a new high.
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Oh, NO KIDDING?
That's strange; my MSM has been telling me the housing market is damn near thriving.... Builders’ index stirs some optimism
WASHINGTON - The US housing market is rebounding faster than expected.
The question is....
Can a lying, agenda-pushing s*** media be believed? (Answer: never again)
The home sales report was another sign that the US economy is on the verge of a long-awaited recovery after enduring a brutal recession.
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Yeah, grain of salt, please.
Of course, some people will have no trouble getting credit at all; the ***-sucking vampires are begging them:
NEW YORK - JPMorgan Chase & Co., the biggest US credit card lender, is taking aim at the market for affluent card holders, which is dominated by American Express Co. The Chase Sapphire card, for households with incomes exceeding $120,000, has no preset spending limit, and holders earn a point for every dollar spent. “Our desire is to make sure we have exactly the right product in the hands of our customers,’’ said Gordon Smith, chief executive of the card division.
Good, because I don't want your debt-suffocating "credit."
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Also see: How the Bank Bailout Helped Americans
