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Time to cut up US credit card

July 20, 2011
Salem News

When the average American used to run into a credit card limit, there were two choices: The person could choose to cut up the credit card and pay off the debt, or the credit card company could simply raise the card's limit, giving the consumer more borrowing power. Bankruptcy didn't have to be the result, especially if the person woke up and recognized that endless spending means endless debt payments.



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