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Numbers - Banks Eye Balance for Credit Card Status
"In general, consumers who are 'reckless' with their checking accounts by spending more than they have tend to repeat this pattern with their credit cards, so banks are smart to look at the consumer's overall habits, according to Robert Hammer, CEO of R.K. Hammer. Chase spokeswoman, Tanya Madison says that the bank has found that customers with Chase checking accounts generally have 'good credit' overall. Delinquencies in credit card balances have risen from 5.7% in the fourth quarter of 2008 to 6.5% in the first quarter of 2009."
USA Today, July 21, 2009, A-1
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BEST QUOTE -
"One of the hardest things to do in life is to make 12 easy payments."
Cleo Belisle
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"Featured Partner - Best Provider "
InCharge Education Foundation is a national nonprofit organization dedicated to providing educational products, services and research supporting the personal financial literacy of consumers across America. This includes innovative personal finance tools, e-learning, bankrupty education, and Military Money magazine.
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