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	<title>credit card forum [the blog] &#187; credit crunch</title>
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	<description>our rants and raves about credit card and financial news...</description>
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		<title>Update: Credit Card Net Losses Continue To Improve</title>
		<link>http://creditcardforum.com/blog/update-credit-card-net-losses-continue-to-improve/</link>
		<comments>http://creditcardforum.com/blog/update-credit-card-net-losses-continue-to-improve/#comments</comments>
		<pubDate>Fri, 21 Aug 2009 01:11:26 +0000</pubDate>
		<dc:creator>CreditCardGuru</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[credit crunch]]></category>

		<guid isPermaLink="false">http://creditcardforum.com/blog/?p=622</guid>
		<description><![CDATA[We reported that credit card debt is declining in America. The numbers for July 2009 have recently been released and show continued improvement in the number of unpaid accounts. The latest figures for net loss are as follows: American Express: 10.18% down to 8.92% Bank of America: 13.86% to 13.81% Capital One: 8.82% to 8.78% [...]]]></description>
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		<slash:comments>3</slash:comments>
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		<item>
		<title>The Super Rich are Feeling the Credit Crunch Too</title>
		<link>http://creditcardforum.com/blog/the-super-rich-are-feeling-the-credit-crunch-too/</link>
		<comments>http://creditcardforum.com/blog/the-super-rich-are-feeling-the-credit-crunch-too/#comments</comments>
		<pubDate>Sun, 25 Jan 2009 06:37:10 +0000</pubDate>
		<dc:creator>CreditCardGuru</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[australia]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[james packer]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://creditcardforum.com/blog/?p=278</guid>
		<description><![CDATA[Well, now you can take comfort in knowing that you and I are not the only ones feeling the credit crunch.  The mega rich and billionaires are getting squeezed too. For a long time, James Packer was the richest man in Australia.  His father, Kerry Packer, was a media mogul. They were so rich that [...]]]></description>
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		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>2009&#8230; What Does It Bring For Credit Cards?</title>
		<link>http://creditcardforum.com/blog/2009-what-does-it-bring-for-credit-cards/</link>
		<comments>http://creditcardforum.com/blog/2009-what-does-it-bring-for-credit-cards/#comments</comments>
		<pubDate>Wed, 31 Dec 2008 03:55:10 +0000</pubDate>
		<dc:creator>CreditCardGuru</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://creditcardforum.com/blog/?p=225</guid>
		<description><![CDATA[January 1st is just a day away and one thing is for sure&#8230; 2009 will be a new year in so many ways. Will the economy turn around or will it stay flat? One thing is for sure, the old days of easy credit to anything with a pulse are long gone. As far as [...]]]></description>
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		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Your Banks Want To Forgive Your Debt, But Your Government Doesn&#8217;t!</title>
		<link>http://creditcardforum.com/blog/your-banks-want-to-forgive-your-credit-card-debt-but-your-government-doesnt/</link>
		<comments>http://creditcardforum.com/blog/your-banks-want-to-forgive-your-credit-card-debt-but-your-government-doesnt/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 21:08:49 +0000</pubDate>
		<dc:creator>CreditCardGuru</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[debt relief]]></category>
		<category><![CDATA[financial meltdown]]></category>

		<guid isPermaLink="false">http://creditcardforum.com/blog/?p=153</guid>
		<description><![CDATA[Just days ago we reported about a proposal by the financial institutions to set up a program which would forgive up to 40% of consumers credit card debt if they were underwater with payments. The Office of the Comptroller of the Currency, which regulates banking, came back and said: The agency does not consider any [...]]]></description>
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		<slash:comments>4</slash:comments>
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		<title>Up to 40% of credit card debt to be forgiven?</title>
		<link>http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/</link>
		<comments>http://creditcardforum.com/blog/up-to-40-of-credit-card-debt-to-be-forgiven/#comments</comments>
		<pubDate>Sun, 02 Nov 2008 09:19:51 +0000</pubDate>
		<dc:creator>CreditCardGuru</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[debt consolidation]]></category>
		<category><![CDATA[mortgage meltdown]]></category>

		<guid isPermaLink="false">http://creditcardforum.com/blog/?p=138</guid>
		<description><![CDATA[Banks advocating debt forgiveness? That’s a line you’d never expect to hear. But in an unusual move, banks have joined forces with consumer advocates to pitch a proposal to the government, where up to 40% of an individual’s credit card debt would be forgiven. The remainder could be repaid over several years at a favorable [...]]]></description>
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		<slash:comments>5</slash:comments>
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