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Shoppers Urged: Pay Cash

Tags » Consumer Debt, Credit Cards  »

Madhusmita Bora reports in the Indianapolis Star on shoppers being warned not to increase their credit card debt.

"Credit-card burdens and delinquency in credit-card payments are at an all-time high," said Niranjan Pati, business school dean at Indiana University Kokomo. "Card purchases should be the last resort at the time of shopping for the holidays. Follow the time-honored adage, 'Cut your coat according to your cloth.' "



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