Credit Card Companies Willing to Deal Over Debt
The New York Times published an article today about Credit Card Debt Negotiation.
“You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.”
So even as many banks cut consumers’ credit lines, raise card fees and generally pull back on lending, some lenders are trying to give customers a little wiggle room. Bank of America, for instance, says it has waived late fees, lowered interest charges and, in some cases, reduced loan balances for more than 700,000 credit card holders in 2008.
American Express and Chase Card Services say they are taking similar actions as more customers fall behind on their bills. Every major credit card lender is giving its collection agents more leeway to make adjustments for consumers in financial distress.
see the full article
Posted in: Credit, Credit Cards, Debt, Debt Settlement | Comments(13)
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January 20th, 2009 at 1:08 pm
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
January 24th, 2009 at 2:19 am
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
January 24th, 2009 at 3:52 pm
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
January 26th, 2009 at 7:30 pm
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
January 27th, 2009 at 4:31 am
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
January 29th, 2009 at 8:51 am
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
January 29th, 2009 at 11:16 pm
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
February 9th, 2009 at 3:13 am
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
February 9th, 2009 at 11:13 am
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
February 12th, 2009 at 7:12 pm
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]
February 20th, 2009 at 7:09 am
[...] Credit Card Companies Willing to Deal Over Debt The New York Times published an article today about Credit Card Debt Negotiation. “You can’t squeeze blood out of a turnip,” said Don Siler, the chief marketing officer at MRS Associates, a big collection company that works with seven of the 10 largest credit card companies. “The big settlements just aren’t there anymore.” So even as many [...] [...]