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Old 06-21-2009, 09:56 PM  
Major (Tom)
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Join Date: Nov 2003
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Posts: 30,311
Quote:
Originally Posted by sexycock View Post
was it happened in this month ?
last week of may and all of june. We had a few record days a few days ago though. Go Figure.. But it's definitely scrubbing, and not the fault of the billers. The billers are bitch to their underwriting bank, and the underwriting bank is bitch to the credit card company. A would be sale can pass right though all fraud databases without a hitch but for some reason, the credit card companies are definitely throttling the joins. My hunch is that this is a temp thing as we're seeing more consecutive big days.

Basically, this is what happens in a global recession and when credit card companies charge 35% interest, only to have people default on the payments, leaving both parties in a lurch. It will correct itself, it always does. Hopefully sooner than later.
Duke
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