Credit Crunch Champions: 7 Stocks Benefiting from Surging Credit Card Delinquencies

Despite the roaring market and economy, the magnitude of plastic debt forces an uncomfortable and cynical discussion: stocks benefiting from credit card delinquencies.Last year, Americans’ collective plastic balance reached past the $1 trillion level. Earlier this year, the metric landed at $1.13 trillion. And this isn’t just some high-level number that has no economic bearing. Indeed, the New York Federal Reserve reported that credit card and auto loan delinquencies are continuing to rise. This trend is pa ...