Dealing with Credit Card Debt
Stacy Teicher writes about how American consumers are attempting to deal with big credit card balances in a two-part series in the Christian Science Monitor. The second part profiles four American consumers and how they are dealing with their credit card debit.
Separately, Reuters reports that US credit card delinquencies fell to a four-year low in June.
Moody's credit card delinquency index, which measures credit card bills 30 days or more past due, fell to 4.37 percent in June from 5.12 percent a year earlier. June marked the 11th consecutive month of declines in delinquencies and was the lowest since June 2000, the rating agency said.
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