Credit card defaults keep rising: report
By on Aug 28, 2007 in Finances
American consumers are defaulting on their credit cards at a sharply higher rate compared to last year, in what could be another consequence of the recent subprime mortgage market crisis, according to a report published Tuesday.
Original post by Technology news - Business 2.0 Magazine
1 Comment(s)
By vtabletop on Nov 26, 2007 | Reply
I have been in that group at one point of time and paid heavy price for my credit dues owing to my carelessness towards repaying my debts .Now I try to clear off the debts within the grace period itself , but more importantly , I try to keep the credit card away when I go shopping. I am a little wiser financially speaking. I make a list whenever we shop and carry cash instead of the plastic . I try hard to keep all my expenditures below the credit limit whenever I use the credit card and so far it’s been working well.