Cost of credit card debt soaring :: CHICAGO SUN-TIMES :: Terry Savage:
Americans are rolling nearly $1 trillion in card balances from month to month. And nearly half of those cardholders are making only the minimum monthly payments. As you might imagine, those accounts are very profitable to the credit card issuers -- until the cardholders default or file for bankruptcy. Then those write-offs add to the costs that must be borne by the remaining card users.
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