Credit Card Defaults in the U.S.

Credit card defaults rates are on the rise in the U.S.

Trust data from American Express showed default rates of 6.14 percent in September at the card lender, the highest rate since November 2005 when bankruptcy laws changed, Valentin said. Default rates were just 3.06 percent a year earlier. Trust data measures credit performance of loans bundled into asset-backed securities.

you can find out more about this in
http://www.syracuse.com/business/index.ssf?/base/business-13/1224320351188450.xml&coll=1


Experts say medical bills have played a major role in the debt that has forced many elderly Americans into bankruptcy proceedings.
In fact,haｌf of the　people who went into bunkruptcy because of medical bills. this actually made me think:Do people have to keep living relying on medication ehrn they are actually pretty old and maybe lived enough??

What surprised me even more is that, now, a lot of people are going to the chirches to get advise on how to use money.

http://www.christianccc.org

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What do you think about this???