Concerns about Rising Credit Card Deliquencies
In an article titled 'The $915B bomb in consumers' wallets', Peter Gumbel writes for Fortune about increasing concerns that credit-strapped consumers may accelerate the delinquency rates for US credit card issuers. He suggests looking at the experience in the UK - saying it's about 18 months ahead of the US in the current credit cycle. He notes that "credit card delinquencies and charge-off rates in Britain have risen as much as 50%".
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