Card Rebate

Discover Financial Services, facing the need for additional funding while revenues are declining and credit card charge offs are growing, received only a lukewarm response from the equity market as a public offering last week of its common shares had to be priced at a 12 percent discount to the market.

Dealing with collection agencies is always an unpleasant experience. However, imagine dealing with a collection agency that is collecting a debt for another collection agency. This is what you normally face when LVNV Funding Collection Agency (LVNV) purchases debt from an original creditor.

Given the close connection between the expansion in credit card debt and the rise in bankruptcy filings, it’s useful to review how markets for credit cards have evolved in

Does the possibility of not being able to pay your credit card debt concern you?

Are you anxious about the prospect of not being able to pay that credit card debt?