[lbo-talk] Credit Card Loan Delinquencies Reach Record High

Miles Jackson cqmv at pdx.edu
Tue Oct 4 08:34:29 PDT 2005


On Tue, 4 Oct 2005, Doug Henwood wrote:


> Minimum payments are about to double, from roughly 2% of the balance to 4%. A
> lot of people are going to be surprised - about 5% of CC holders make only
> minimum payments.
>
> Doug

For every credit card company? At the same time? Call me paranoid, but this has to be collusion, right? They couldn't all independently come to the same conclusion about the policy at the same time, could they?

Miles



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