WSJ: "Millions of Credit-Card Customers Can’t Pay Their Bills. Lenders Are Bracing for Impact.
Credit-card debt kept many consumers afloat. Now that the debt bubble is bursting, lenders and borrowers alike are preparing for pain."
No hyperlink in case aerohead sees the thread and hyperventilates.
I've seen the whole trajectory from Diner's Club in the mid-1950s to the [hopeful] end of credit cards today. Is it not suspicious that they offer 'cash/points back' if you submit all your financial transactions to a central authority?