Jul 10
Defaults and Late payments on home-equity loans and credit cards are climbing to the highest levels. According the the American Banker’s Association the figures are alarming and disturbing. The worst hit area is home-equity loans. If this trend continued, it has a potential to develop into a major credit crisis in near future. How This Happened? In my opinion availability of cheap credit and rising house prices during early part of this decade created a window for home owners to take ho
