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

Wojtek Sokolowski sokol at jhu.edu
Tue Oct 4 09:36:23 PDT 2005


John:
> I thought there were only three CC companies anyway, MC/VS, AMEX, and DISC
as far as
> I know. I thought

Visa and MC are networks or "franchises" if you will - cards are issues by individual banks or credit card companies and may vary considerably in their terms. I think the biggest credit card company is MBNA - but there is a whole bunch of big, medium and smaller players. You can get a Visa/MC credit card issued by your credit union - usually on much friendlier terms than by commercial banks.

Wojtek



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