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Credit cards often are the culprits but also can be the last resort for the folks who lost their jobs or ran unexpected medical bills too high. This credit card article is an interesting one.
We see unfortunately too many people who simply spend all their credit on things other than the simple necessities. Which is fine as long as you can handle the bill 30 days later.
Posted in Credit Cards at July 13, 2005 12:37 AM
Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.