Decline Of Credit Card Debt Causes Another Difficulties - SODMG - 0 views
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Gene Kotulskiy on 01 Aug 12Though, the declining rate of credit card debt has its dark side. TransUnion performed data proving that people just started to blow off their mortgages and pay the credit card bills instead. This happens due to the fact that consumers don't want to lose the access to their credit cards as it is important for people on the financial brink. Moreover, some issuers who write off or sell balances which have defaulted in order to reduce credit card debt.