Unsecured Credit Card Debt Consolidation

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Unsecured Credit Card Debt Consolidation

Credit-card industry may cut $2 trillion lines: analyst

The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.

Credit-card industry may cut $2 trillion lines: analyst

(AFX UK Focus) 2008-12-01 17:41 UPDATE 3-Credit-card industry may cut $2 trln lines - analyst

(Adds analyst comments from column) Dec 1 (Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said. The credit card is the second key source of consumer liquidity, the first being jobs, the Oppenheimer & ...

(AFX UK Focus) 2008-12-01 17:41 UPDATE 3-Credit-card industry may cut $2 trln lines - analyst

Local bankruptcies are up 23 percent

In the New Albany and Louisville divisions of federal bankruptcy court, there have been a combined 8,661 company and individual bankruptcies so far this year -- an increase of 23 percent from a year earlier.

Local bankruptcies are up 23 percent
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