05-27-2008 02:01 PM
05-27-2008 02:06 PM
05-27-2008 02:11 PM
05-27-2008 02:24 PM - edited 05-27-2008 02:25 PM
Creditaddict wrote:Yes there was just a great article in business week, money? I forget (I read them all)That in the past Amex has been untouched by market slumps because of there premier lending type customers, but in today's market Amex has taken on WAY to much Unsecured debt (there credit cards) people are starting to carry balances on there amex credit cards and although amex has always given very high limits, a big percentage of there customer never carried high balances so they never had to worry about it, but apparently there percentage of accounts now carrying balances is not looking good on there books. Basically they are now in a lending frame they have never had to deal with in the past it sounds like.
05-27-2008 02:29 PM
05-27-2008 02:42 PM
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