February 25 2011|09.08 AM UTC

Samantha Eckles

Americans Dumping Debt

Category: Personal Finance, SRTags: , ,

Americans have reduced their credit card debts significantly since the CARD Act became law in 2009. Credit card companies are now forced to refrain from adding any unnecessary penalties and excessive fees. Consumers are also protected from arbitrary interest increases and due date gimmicks. Here is how Americans have been dumping their debts since the CARD Act.

click to enlarge

Americans dumping debt

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