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09-08-2010, 05:42 PM #1
Credit card debt fell again in July for 23rd straight month
Sep 08, 2010
Credit card debt fell again in July for 23rd straight month
03:12 PM
Good news for consumer debt but bad news for the U.S. economy: Credit card use fell in July for 23rd straight month, the Federal Reserve just reported.
Americans offset that drop, however, by taking out more auto loans, so-called non-revolving debt.
Here are the Fed's latest numbers.
Separately, the Fed confirmed the economy weakened again in late summer, with factory production falling in the East and Midwest.
http://content.usatoday.com/communities ... ht-month/1NO AMNESTY
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