Credit Cards
Liz Pulliam Weston really knocked it “out of the park” with her article entitled “The Truth about Credit card debt. This may be the best article written on Credit Card Debt and its statistical manipulation ever.
Nice job Liz! And thanks for making it available to me…
http://moneycentral.msn.com/content/Banking/creditcardsmarts/P74808.asp
As more and more consumers are increasingly finding themselves in the unfortunate situation of dealing with higher interest rates and other fees as credit card companies respond to delinquencies, there will be an even bigger opportunity for Debt Consolidation and Debt Settlement Companies to gain market share. This past January, the average debt on credit accounts and fixed-payment accounts such as auto loans climbed to $16,600, up from $15,500 last April, according to the credit reporting agency Experian. Over the same period, the average number of accounts per individual that are overdue by one payment has increased. As gas prices continue to increase, and more people go delinquent, the demand for assistance with debt will increase. Good time to be in the debt consolidation business!