Banks must brace for creditcard pile-up - Reuters

Full story: blogs.reuters.com

Credit card delinquency figures bring to mind the rock classic "You Ain't Seen Nothing Yet." Ever after today's record report - delinquencies jumped to 6.6 percent of all card debt in the first quarter from 5.52 percent - the peak may still be far off.

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A Perspective

Oscoda, MI

Well let's see. Maybe if the credit card companies didn't try to raise interest rates so much. Legal loan sharking, IMHO!

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