Credit card defaults on the rise as holiday bills come due
by Samantha Bomkamp, Chicago Tribune
Jan 22, 2018
2 minutes
Americans are defaulting on their credit cards at the highest rate in nearly a year. Experts blame the improving economy: Consumers are feeling more confident in their overall financial situations and they're loosening their purse strings because of it. That confidence led to higher retail sales through the holiday season, but the credit card bills are coming due, and people are leaving them unpaid at an alarming rate,
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