Jun
08
2009
Credit Card delinquencies jump 11%
From MSNBC.com (http://www.msnbc.msn.com/id/31156371/)
NEW YORK – Credit card holders who in ordinary years might have used their tax refunds to pay down their balances apparently spent the money elsewhere as the recession deepened in the first quarter.
That’s one of the conclusions that may be drawn from data showing the delinquency rate for bank-issued credit cards rose [...]
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