Oct 08
Major credit card lenders including JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) have done modifications for over $1.8 million credit card holders that are unable to pay off their loan balances. Typically when a customer is delinquent on a credit card, banks will charge major fees and penalties to the account in hopes of cashing in when the borrower can repay again. Often, balances on delinquent credit cards will balloon and end up being 3 or 4 times the original balance. The cus
