RECORD CONSUMER CREDIT CARD DEFAULTS ARE INEVITABLE WHEN BANKS KEEP RAISING CONSUMER CREDIT CARD INTEREST RATES!

I feel badly for the news reporters that just churn out what they are told to churn out about consumer credit card default rates rising. What fails to get mentioned in each and every article or report that I have read is the correlation between consumer credit card default rates and the rise in the consumer redit card interest rates.

Isn't it possible, just possible, that for every percentage point that the consumer credit card interest rate is raised, there will be a corresponding rise in the default rate of at least one percent as well?

In my opinion it results in the reporter looking silly if they are unwilling to include such a simple question in their credit card default article or column... "

Do you, oh grand credit card executive/pubah, see a correlation between raising interest rates on credit card accounts and the rise in credit card defaults?

Unless the credit card industry executives are asked the question above, we cannot make any progress in getting to the truth about what is really going on.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.