Archive for January 1st, 2008

Many people in credit crisis

Tuesday, January 1st, 2008

The old year is ending with too many Americans in a credit card “hangover.”
Delinquencies and defaults in credit card payments are surging, according to a recent Associated Press analysis of financial data from the country’s largest credit card issuers, released Dec. 24.
The Federal Reserve estimates that Americans now owe just shy of a trillion dollars […]

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