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Originally Posted by gmsickofan
Higher Gas Prices Lead To More Late Credit Payments
By Martin H. Bosworth
ConsumerAffairs.Com
September 28, 2005
The skyrocketing gas prices resulting from Hurricanes Katrina and Rita have already begun taking a toll on consumer finances. The American Bankers Association (ABA) reported today that delinquency rates on monthly credit card payments have reached record highs for the second quarter of the year.
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I may be mistaken here, but didn't Katrina and Rita happen in the
3rd quarter of 2005?
So how did they make peoples' payment late in the
2nd quarter of 2005?