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Unpaid credit cards deepen Americans' debt woes
An Associated Press analysis shows credit card delinquencies and defaults rising sharply across the nation's 17 largest trusts, with accounts 90 days late up and losses surging as subprime mortgage troubles spill into card debt. Banks warn of continued erosion in 2007 amid high interest rates and looming holiday spending.
MENTIONED IN THIS ARTICLE
San Francisco
Associated Press
Cliff Tan
Stanford University
Bank of America
Capital One
Home Depot
Wal-Mart
Securities and Exchange Commission
Advanta
GE Money Bank
HSBC
Federal Reserve
Mark Zandi
Moody’s Economy.com Inc
Midwest
West
Zandi
America
Howard Dworkin
Consolidated Credit Counseling Services
Fort Lauderdale
Fla