AuditPundit

Rising house prices energized credit card companies

Posted on 19. Jun, 2008 by admin.

Credit card companies sucker consumers for more debt during the housing boom. During the housing boom in the 2000’s when house prices were escalating rapidly, homeowner’s were seeing corresponding increases in their net worth. During this same time, banks offered credit card holders increasing credit limits. Many homeowner/credit card holders saw their [...]

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