Charge-offs credited with most decline in credit card debt

 

Charge-offs credited with most decline in credit card debt

03:34:24 | 26/07/2010 - Source: Fort Worth Star-Telegram

Charge-offs credited with most decline in credit card debtConsumers have cut their levels of outstanding revolving debt. But in the first quarter, about 40 percent of the decline in credit card debt was because of charge-offs, Cardhub.com said.

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