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Credit: Crawling back into the hole where you came from...


               
2012 Feb 26, 10:51pm   1,753 views  7 comments

by LarryPatrickMaloney   follow (0)  

http://www.myfoxdc.com/dpps/news/credit-card-debt-nears-toxic-levels-dpgonc-km-20120226_18232559

Credit Card Debt Nears Toxic Levels

Updated: Sunday, 26 Feb 2012, 4:19 PM EST
Published : Sunday, 26 Feb 2012, 4:19 PM EST

(New York Post) - More American households are falling back into the debt hole, this time without the safety net of home values to help bail them out, the New York Post reported Sunday.

Last year, total US consumer debt reached its highest point in a decade, according to a credit card industry observer.

Read more: http://www.myfoxdc.com/dpps/news/credit-card-debt-nears-toxic-levels-dpgonc-km-20120226_18232559#ixzz1natdmHeV

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6   bubblesitter   @   2012 Feb 27, 12:25am  

RentingForHalfTheCost says

We are all so screwed!

No. Get another card to pay off another one. Smart American way.

7   freak80   @   2012 Feb 27, 1:33am  

ptiemann says

Some people have made it a business (more difficult nowadays).

Smart, if you can pull it off. Not without it's risks. Then again, no business is w/o risk.

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