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Bankruptcy

: The Debt Podcast

Consumer credit evaporating - Consumer bankruptcy cases to climb

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Consumer credit is drying up - fast.  We expect this will result in tens of thousands of new bankruptcy cases by the end of 2009 and even more through 2001.  Every credit card issuer has been approving fewer new applicants, reining in credit lines and canceling unused accounts. Lenders are also eliminating teaser rates and ratcheting up [...]

Full post as published by The Debt Podcast on May 11, 2009 (boomark / email).

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