Subprime Blogger

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Daily Mortgage Rates News – Americans Continue to Buy on Credit

Daily mortgage rates news offers information on mortgage and real estate news.  Today we analyze the fact that Americans continue to buy on credit in this troubling economy.
The CNBC article Credit Card Defaults Reach Record Highs in April states
U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double [...]

Subprime – Subprime Credit Cards, Part 2

The initial Subprime Credit Cards article explained that any credit card with a rate higher than 15% is considered a subprime credit card.  Discover Card, Citi Mastercard and Capital One all offer credit cards with a rate of 0% for the first 12 months and under 12% after that.  While not everyone can get these [...]

Subprime – Subprime Credit Cards

Subprime credit cards are something that many people do not realize they have.  If you currently hold a credit card that is over 15%, you are likely to be holding a subprime credit card.  We have heard of many credit cards getting reset to over 25% by companies that are in extremely bad financial situations.  [...]

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