Who’s Most At Risk?
Posted by
CreditCardGuru
Although we have not had any credit card crisis *yet* during this global financial meltdown, it’s interesting to take a look at what companies are most exposed should this happen.
As expected, some of the biggest card card issuers are listed. The amount of total credit card debt is not the issue, but rather the percentage of revenue from credit cards. In other words, the more exposure a company has to credit cards, the more they will be hurt if credit cards turn out to be the next shoe to fall.
It looks like Discover generate almost all of their revenue from from credit cards.
Looks like Discover is in trouble!
My simple suggestion is get rid of your credit cards COMPLETELY. Most of my problems were due to my credit cards and my infatuation with using them to buy shoes.