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Stressed borrowers use plastic to delay default

Story date: 2007-10-28 11:18:00
Added on: 2007-10-28 16:00:21


Boston Globe - The problem with using credit cards -- with their high interest rates -- to stave off default brought on by "reset" adjustable mortgage interest is that it merely postpones an inevitable crisis, said Gregary Brown, social policy director at ...


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