1.0 link 136840 <![CDATA[Breaking the Credit Habit: Not as Impossible As They Said it Would Be]]> http://www.huffingtonpost.com/ike-eze/breaking-the-credit-habit_b_136840.html Did the economic toil of 2008 push cash-strapped consumers to wildly apply for credit cards and default on their existing debt? Not remotely, according to a bit of research:

  1. National credit card debt per credit borrower in the US was $1,717 in the second quarter of 2008 - up 2.63 percent from the first quarter of the year 8.6 percent from the second quarter of 2007. [Source: TransUnion.]

    But the delinquency rate* - contrary to what you might expect -...

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