From blog.creditorweb.com
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Credit and Debt
Touchy subject...I know. But folks, it's about RESPONSIBILITY. We're raised to think good credit is crucial to our success as adults, but debt is bad. There is a happy medium -- and hitting a few bumps in your credit rating isn't the end... [more]
Touchy subject...I know. But folks, it's about RESPONSIBILITY. We're raised to think good credit is crucial to our success as adults, but debt is bad. There is a happy medium -- and hitting a few bumps in your credit rating isn't the end of the road.
Credit card defaults are tied to the unemployment rate. It’s a simple fact that when people don’t have jobs, they cannot pay their credit card bills. But just how high will America’s credit card default rise?
As of June 2009, Moody’s Credit Card Index was reporting a credit card default rate of 10.76%. In that same [...]
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