You With An Offer To Clear Past Due Bill New Rule Means Less Money

by Chris A Smith Credit card default rates are at 10% the highest ever. Banks who issue credit cards may have to greatly increase the amount of cash reserves to cover these debts thanks to a proposed accounting standard change. More money for reserves means less money for lending. So how does this impact the consumer? If you are seriously behind on your credit card bill and you see no way to pay it on a timely basis, now is the time to negotiate a discounted cash settlement. You may be