Wednesday, February 13, 2013

Consumer Credit Card Debt Being Under Reported by 20% to 30%? OUCH!

However, this number may not include credit card debt that has gone to the courts and a judgement has been procured by the credit card companies. I would suggest that we could safely guess another 100 billion dollars in court ordered credit card payments as well.

That means as much, or perhaps more than 250 billion dollars of credit card debt IS NOT being reported whenever consumer debt reports come out. 


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