Thursday, January 24, 2008

American Financial Crisis - Expectations

Have you already heard about the recession that is coming? The signs for it are evident as experts say: growth of consumer debt, mortgage crises, stock market fall and so forth. The US is likely to face a crisis on the market of credit deals. Credit card fees may be increased. It will be one of the reasonable ways for credit companies to gain a profit because they offer too many credit cards with no annual fee and rather low penalty fees. Find more in the article Financial Crisis and Credit Cards

1 comment:

Patricia said...

Actually the recession is not coming - it already reigns in the country. As for me, I do not believe that credit card companies will lower the onterest rates and fees on the credit card deals. I heard yesterday that creditors will find other ways of capital formation. So common customers will not profit from that!