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Overview The consequences of the economic downturn have been dire for many consumers. Foreclosure, lay offs and market losses have created a devastating perfect storm for the consumer. With American credit card debt levels racing beyond $970 billion (As of 2008, Nilson Report 4/09) and the average household debt level exceeding income by 40% (in 2007, US Joint Committee for Unfair Credit Card Practices), many consumers are desperately seeking solutions for their credit card debt. This article examines several of the most popular debt relief solutions. |
Thursday, Jul 29th
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