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Credit card users: Not so responsible after all? (San Francisco Chronicle) With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren't. The bulk of 2009's drop in credit card debt instead came because banks were forced... Credit card - Federal Reserve System - CardHub.com - Personal Finance - Debt
Credit-card users blow off billions in debt (The Daily Comet) CANDICE CHOI AP Personal Finance Writer In 2009, banks wrote off a record $83.27 billion in credit-card debt. A study found that accounts for the bulk of the of $93.2 billion drop in consumer-card balances reported by the Fed for last year.
ConsumerMan: The hazards of kids and credit (MSNBC) Credit card companies have a simple strategy: Get your customers while they are young. Most students these days graduate with thousands of dollars in unpaid credit card bills.
