credit cards

Seventy percent of credit card debt accrues interest

By Matt Hern on February 13, 2010

“Did I just read that right?” I thought as I put down my coffee and twice re-read this paragraph: ‘Consumers are still cautious about the debt they build up on credit cards. An analysis by card operator Mastercard shows that only 70.8 per cent of the total $46.9bn in credit card debt is accruing interest, [...]

Posted in Managing Debt | Tagged credit cards, debt | 1 Response

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