[Unlikely Hero]

Hope so. But that irks me that Citi raised the interest rats on my CC because of the “cost of doing business” if they really didn’t have to. I got them to lower it back to the original APR so I can actually pay off the balance, but at the cost of not using the card in the future.

But this almost seems too miraculous considering what Citi folk and the Guardians of Esoteric Wisdom have been saying as recently as yesterday. As you say, maybe this nightmare was just a panic that is ebbing.

[JasonC]

Loan losses on CCs have risen. They keep the rates on any category of loans ahead of the experienced loss rates on that category of loans. Lenders as a whole never pay for deadbeat behavior. Borrowers as a whole always do. That is a law of economics. Individual lenders can get stiffed, but the next one will demand more and get it. Capital is paid for in full or it does not exist.