Credit card debt rises 315%

[EmporerEJ]

Originally Posted by RawAlex

http://www.cnn.com/2008/LIVING/perso...ity/index.html

This is possibly one of the biggest warning signs for the online industry. Credit card debt is mounting, and looking like it is going to be the next frontier of defaults. This means that more potential customers are running their cards to the max, and therefore we are more likely to see declines for sales, renewals, and such.

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Remember about a door closing, and a window opening up?
Well, how about a positive spin? With our product, which is a "substantial" purchase, we are seeing more European orders. Why?
The Euro is worth 1.50 on the US dollar.
So, our product is , like, on a 50% sale overseas.