Stop Student Credit Card When Economic Crisis For Avoiding Family Bankruptcy.
As 2009 gets under way it’s painfully obvious that the economy is still struggling. Sales are continuing their downward trend, unemployment is rising, and many Americans are still having trouble paying their mortgage. After struggling through 2008, the average consumer is facing the New Year at a financial rock bottom. The best indicator of this sentiment has been the dramatic 50% increase in credit card debt from the last economic downturn in 2000. Americans are now struggling with an outrageously high $970 million in debt via credit cards.
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