Hey Rand thanks for clearing this up. I was wondering what you thought of what I posted earlier?
I would say though that ever since credit card raised the minimum payments and bend over consumers with up to 29% interest things got worse. I had credit cards at 23% at one time and paid more than the minimum payment and my balance went up and I wasn't charging anything. I couldn't imagine having to pay 29%. I think because of this consumers credit cards are maxed out like never before. I checked and just yesterday we had over 100 declines which seems to go up and up. Anyone else see a huge increase in declines? Chargebacks and credits have gone up as well. All of these things tell me consumers have less money avaliable on their credit cards which might be the decrease in sales. Just my
