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Bankruptcy

: The Bankruptcy Blog

America's Credit Card Defaults Increasing

By Total Bankruptcy.

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The Washington Post reports that Americans are increasingly unable to pay off their credit card debt, which forces banks to not only lend to fewer people, but to also stockpile cash to guard against future losses. Recent Federal Reserve data...

Full post as published by The Bankruptcy Blog on October 30, 2008 (boomark / email).

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