Saturday, July 10, 2010

Credit-Card Debt: It's Worse Than It Looks

During the first quarter of this year, says the Fed, credit-card balances fell by about $19.5 billion. How much of that was written off? About $18.7 billion, according to data from the Federal Deposit Insurance Corp.

For the full article, please see the link below from the Wall Street Journal
Credit-Card Debt: It's Worse Than It Looks

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