The Next Credit Crunch?

Susan Chandler writes for the Chicago Tribune about the potential spill-over effects of the mortgage crisis on the ability of consumers to repay their credit card debt. She quotes Harvard law professor Elizabeth Warren: "Families have been making up the shortfall with credit and someday, perhaps someday very soon, the credit music will stop."

In article titled "Credit Cards Rates Rise for Some With Poor Credit", Scott Mayerowitz reports for ABC News that "several credit card companies in recent weeks have started to jack up rates for some customers, and other lenders are tightening standards for auto and personal loans."