Foreclosures, Credit Card Defaults Rise

January 2009, 50% more homeowners at least one month behind on their payments, compared to January, 2008, according to Equifax.

Auto loans?  Same trend, 60 day defaults up 18.9% year over year, to 1.9% of all auto loans.

Credit cards?  More of the same, missed payments up 29.5% to 4.17% of all cardholders.

These stats foreshadow more bankruptcies and more foreclosures.

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