Two Ways to Profit From the Looming Credit Card Squeeze

By Robert Williams Money Morning Late credit card payments and outright defaults have soared in recent weeks. The most recent data says that “dead” balances written-off as uncollectible by banks have jumped 24% from a year ago. Late payments are up 16%. Can this be linked to the subprime mortgage meltdown? Our research says it is. Nor is it [...] SHARETHIS.addEntry({ title: "Two Ways to Profit From the Looming Credit Card Squeeze", url: "http://jutiagroup.com/archive/2008/04/09/662/" });