Most adults carry credit cards, but many are still not sure what the new CARD Act does to protect them — and what it does not do. Many carry high balances on more than one card and have relied on credit during the recession, driving the balances even higher. Those who have missed payments and damaged their credit during the hard times will find it even harder to pay back the money owed, as people with bad credit are charged significantly higher interest rates. Here is a visual look at the credit card situation in America, which when paired with the poor economy and high unemployment rate, has arguably reached the crisis level.
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