Credit-card defaults on rise in US

Story date: 2007-08-27 06:42:00
Added on: 2007-08-27 21:35:03

MSN MoneyCentral - US consumers are defaulting on credit-card payments at a significantly higher rate than last year, raising the prospect of problems in the stricken US subprime mortgage market spreading to other types of consumer debt. Credit-card companies were ...


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