Posted AT 4:51 PM EST on 29/09/08
Credit cards to ‘implode:' analyst
A hurricane of bad credit card debt will start crashing ashore in the United States in the first quarter of next year, even as the mortgage crisis continues, analysts at New York research firm Innovest Strategic Value Advisors warned Monday.
“A combination of a 10-year steady drip of deteriorating personal finances and a tidal wave . . .
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