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In a study conducted by a website recently, it was found that an average American household owes around $9,000 in credit card debt. It was also found that around 44% of those who has credit cards have debts which they cannot afford to pay. With the data that we are seeing, it is no wonder that the debts are fast becoming a social issue. In 1998, a lag in the economy affecting hundreds of countries was reportedly caused by unpaid debts. Thousands of people lost .. Read the rest of this entry.

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