Mortgage turmoil spreads to other debt
The malaise in the mortgage market is starting to spread to credit-card and auto loans in what one analyst has dubbed consumer-credit “contagion.” It’s an ominous warning signal for the economy.
Archive for November, 2007
Credit Card Users Hits With Rising Costs
In the past two months more than 125 separate credit card fees and rates have been increased, according to financial information provider Moneyfacts.co.uk, with those customers making cash withdrawals on credit cards being hit the hardest.
America’s credit card crisis in numbers
In a facts round-up piece titled, House of Cards, Mother Jones confronts its readers with some numbers that illustrate America’s credit card crisis.