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Write-offs are driving decline in credit-card debt (Market Watch)
March 9, 2010 by admin · Leave a Comment
Credit-card debt has been falling for 16 straight months but consumers aren’t paying off their financial obligations as much you might think. Instead, they’re walking away from the debt, forcing credit-card issuers to write off as much as 90% of that reported drop, according to a new report by CardHub.com.
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Write-offs are driving decline in credit-card debt (Market Watch)