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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim McMannis who wrote (30025)	4/4/2005 3:28:54 PM
From: mishedlo	Read Replies (1) of 110194

45% of those that carry a balance make the minimum payment. Something like half carry a balance. Still, that is an enormous percentage IMO. There is a chart here: cambridgeconsumerindex.com Actually the data looks screwy. 33% of the population does not use cards at all?! Up from 30% in 2002?! supposedly 28/67th carry a balance. let's call it 42% of those that use cards carry a balance. 45% of that 42% make the minimum payment or no payment. I guess that means that roughly 19% of cardholders make the minimum or no payment. Mish

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