Credit Card Debt- these very words strike fear into the hearts of the many people that have it. I know because I do (alot to be honest) and let me tell you, the subject fills much of my waking day. The credit card industry makes big bucks off of such things as high interest rates and various 'fees'. To get an idea of just how much money is being made, take a look at the recent quarterly earnings of MasterCard. Profits rose an astounding 70%! It's sad but true that more and more people have taken on exterme amounts of credit card debt just to get by. Add to this the inability of many people to pay these cards off due to job loss, foreclosure, stringent loan requirements, etc. Have a credit card story?
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