Credit card balances are increasing

Oct 22, 2012 by

Credit card balances are increasing

With the economy in poor shape over the last few years, many people have tried hard not to use credit cards to increase their family debt load.  The recent increases in credit card balances are indications of problems to come in the near future, although delinquency rates are not yet increasing.  More families may be needing to charge everyday living expenses, and they may be needing debt relief (such as bankruptcy) within a year or so.

Read the story at Huffington Post.

 

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