Wal Mart shoppers are a bad credit risk.

That's what American Express thinks.

When Kevin Johnson returned from his honeymoon last year he got a letter from Amex saying, “Other customers who have used their card at establishments where you recently shopped have a poor repayment history with American Express.”(Mother Jones)

Managing credit is a critical job in these economic times, to be sure, but there's something wrong when a company takes action against you on the assumption that the people who shop certain stores are bad credit risks.

Comments

[Paul Robb]

Howard,

I've began listening to 1370WVLY and your show for about a week while at work at the Carnegie Museum in Pittsburgh. What a pleasant surprise your show is compared to the gossipy junk that permeates weekdays on KDKA. Keep up the good work.
I also enjoy Scott Shalaway. Too bad he lost his show at WPTT last year when WPTT changed its format.

Thanks, Paul Robb