U.S. Credit Card ABS Sector Snapshot

14 Nov 2008

Credit card debt in the U.S. is growing faster today than in recent years, following historically low annual growth rates of about 3.3% between 2002 and 2006.

Credit card debt in the U.S. is growing faster today than in recent years, following historically low annual growth rates of about 3.3% between 2002 and 2006. The housing boom also weighed on the growth rate between 2004 and 2007, as consumers were able to pay off their ...

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