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Posts Tagged ‘consumer debt’

More Consumers Paying Off Credit Card Debt

More Consumers Paying Off Credit Card Debt

Americans are seeing the wisdom of getting out of debt as more and more consumers are reducing their credit card debt and paying their bills on time. During the second quarter of 2010 the average combined debt for bank-issued credit fell to $4,951, a reduction of more than 13 percent from $5,719 in the same period a year ago, according to [...]