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Category Archives: Credit Cards
  • June 16, 2009
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  • Credit Cards, New Developments

Credit Card Issuers Settle Accounts for Lower Balances – NYTimes.com

According to an article in the New York Times, credit card issuers are beginning to agree to writing down credit card debt, at least for borrowers who’ve been delinquent for more than six months. (The banks are required to completely write off debt that’s over 180 days delinquent, which turns any payment they can get

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