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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: thestockrider who wrote (13341)	3/3/2002 5:36:55 PM
From: j g cordes	Respond to of 26752

The only links I found referrred to the 2000 year filing.. not that it matters. The cause was said to be ease of electronic filing and phone filings. Couldn't find any data on this year.. or 2001 filing rate. However since "The average U.S. household with at least one credit card has an $8,523 balance, according to CardWeb.com, and personal bankruptcies have hit record highs in recent years" I see increasing danger, especially as gross variable mortgage loads have increased. money.cnn.com What really gets me about ccard business is the spread charged .. "Interest rates on bank credit cards have widened as a result of the eleven rate cuts by the Feds last year. Card rates, after the introductory periods, now range from 4.75% to 35.00%, the widest spread ever. Chase offers the lowest rate on its 'Prime Card' at 4.75%, while CompuCredit charges a 35% rate for its 'Aspire VISA' card. " Note the CompuCredit marketing word choice.. "aspire" The card should be named "EXPIRE"