Chase MasterCard sent a change to terms agreement. Chase is deliberately setting their customers up to fail on their card agreements at a time when account delinquencies are at the highest level in history. The new terms increase the minimum payment 2% to 5% of the outstanding balance.
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The percentage of prime borrowers seriously delinquent on their mortgage rose 20.3 percent during the first quarter compared with the previous quarter. It was up 163.7 percent compared with the same quarter a year ago.
Category: Analysis
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