Money spent on credit cards is securitised and sold on, just like mortgages

[MPwannadecentincome]

Wow so all the bad credit card debts are being securitised now as well - more losses for banks / funds / pensions that have bought these 'securities'!?

Hmm thats interesting so when I was offered 12 months interest free credit on my card straight into my current account, then they securitised that, sold it on to another fund which packaged it up and sold it onto my investment "managed fund"...