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	<title>Debt Relief News &#187; Credit card defaults</title>
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		<title>Credit Card Debt Crisis</title>
		<link>http://www.debtrelatednews.com/2009/01/16/credit-card-debt-crisis/</link>
		<comments>http://www.debtrelatednews.com/2009/01/16/credit-card-debt-crisis/#comments</comments>
		<pubDate>Fri, 16 Jan 2009 17:56:01 +0000</pubDate>
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				<category><![CDATA[Consumer Debt News]]></category>
		<category><![CDATA[Credit Market Updates]]></category>
		<category><![CDATA[Credit card defaults]]></category>

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		<description><![CDATA[According to the Federal Reserve, nearly half of American families do. Credit card defaults to reach 100 Billion dollars in 2009.  The report indicated thatnearly half of American families also have some sort of bank savings accounts.
 


The next crisis will be credit card defaults by the millions of unemployed. Further exacerbating the crisis and leading [...]]]></description>
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