2008 mortgage rate predictions

Credit card statistics, industry facts, debt statistics
Feb 28, 2012 . Average APR on credit card with a balance on it: 12.78 percent, as of . 176.8 million credit cardholders in 2008 (Source: "The Survey of .
http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php

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Why banks are boosting credit card interest rates and fees ...
Nov 9, 2008 . Updated 11/14/2008 3:00 PM | Comment | Recommend, E-mail | Print | Reprints . his credit card interest rate this year, to 27%, for no apparent reason. . The average household now owes $10678 in credit card debt, up 29% .
http://www.usatoday.com/money/industries/banking/2008-11-09-bank-credit-card-interest-rates_N.htm

Consumer Action :: 2008 Credit Card Survey
Jul 22, 2008 . Survey at a glance; Lowest rate credit cards; Consumer Action 2008 Credit . Average Variable APR: 14.25% . Average Fixed APR: 11.82% .
http://www.consumer-action.org/news/articles/2008_credit_card_survey/

Consumer Action :: Consumer Action releases 2008 Credit Card ...
Jul 23, 2008 . According to Consumer Action's annual 2008 Credit Card Survey, . raise my interest rate because of my credit record with other credit cards or lenders? . In 2007, the average penalty rate was 24.51%, with a high of 32.24%.
http://www.consumer-action.org/press/articles/consumer_action_releases_its_2008_credit_card_survey

Credit Card Press Releases: Significant APR Increases Took Place ...
Feb 24, 2010 . While the prime rate remains at its historic low of 3.25%, unchanged since December 2008, the average APR on a credit card increased almost .
http://www.lowcards.com/2010/02/significant-apr-increases-took-place.html

Additional findings from the survey are:

  • CARD Act conference: Key findings > Consumer Financial ...
    When a consumer opens a new credit card account, the consumer is told what the Annual . In 2009, the average APR on all mature accounts (adjusted to reflect the drop in the prime rate) increased by 2.4 percentage points from 2008.
    http://www.consumerfinance.gov/credit-cards/credit-card-act/card-act-conference-key-findings/

  • Negotiating with your creditors
    If you're struggling with credit-card debt, you have plenty of company. . a Bank of America credit card in August 2008 when its introductory interest rate of 3.99 . the average APR was 8.29 percent for consumers with top credit scores of 760 to .
    http://www.consumerreports.org/cro/money/credit-loan/negotiating-with-your-creditors/overview/negotiating-with-your-creditors-ov.htm

  • Credit Card Interest Rates Stay Steady | Fox Business
    Mar 21, 2011 . The average annual percentage rate (APR) on new credit card offers held . In March 2008, when the recession had just started and before the .
    http://www.foxbusiness.com/personal-finance/2011/03/16/credit-card-rates-stay-steady/

  • interest rates on foreign credit cards
    Oct 31, 2008 . Any idea what the average APR is on credit cards in other parts of the world . Join Date: Apr 2008; Location: Somewhere in So Cal; Posts: 105 .
    http://creditcardforum.com/finance-charges-apr-compare/293-interest-rates-foreign-credit-cards.html

On introductory bonuses, the survey found that:

  • Credit Cards | First Bank & Trust
    The average interest rate on credit cards has been increasing since early 2008 at a pace of 1% every quarter. As of September 15, 2011, the average rate for .
    https://www.bankeasy.com/products/credit-cards/

  • American Consumer Debt Statistics | Consolidated Credit
    Let's say you have exactly the average credit card debt of $6600. . without any balance transfer fees at 12% interest—just below the national APR average right now. . with credit cards still averages $54000 (also down from $93850 in 2008) .
    http://www.consolidatedcredit.org/credit-card-debt/consumer-debt-facts/

  • My Credit Card Interest Rate Raised for No Reason | Milk Your Money
    May 5, 2008 . Half of Americans carrying total credit card debt average around $10000 each . Regardless if you have never missed or had a late payment on your current credit card, companies may now raise the current interest rate on your .
    http://milkyourmoney.com/2008/05/05/my-credit-card-interest-rate-raised-for-no-reason-2/

Daily Periodic Rate Calculator - CreditCard.BizCalcs.com
Calculate the daily interest rate and amount on your credit card balance. . Enter your balance and the credit card's yearly interest rate and this calculator will show you the daily periodic rate and the average amount of . 11/3/2008 5:30:36 PM .
http://creditcard.bizcalcs.com/Calculator.asp?Calc=Daily-Periodic-Rate

Statistics about Credit Cards, Credit Card Reform Legislation ...
The average credit card debt per household with credit card debt at the end of . the average number of credit cards held by cardholders as of Dec 31, 2008 was 3.5. As of December 31, 2009 the average APR on a credit card with a balance .
http://www.financeclopedia.com/Credit/CreditCardStatistics.php

For more information for boomer consumers, see my blog 2008 credit card legislation.

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2008 debt relief checks