Americans continue to pay down (or default) on their credit cards at a high rate, reports...

|By:, SA News Editor

Americans continue to pay down (or default) on their credit cards at a high rate, reports Equifax, noting country-wide double-digit Y/Y declines in the percentage of income owed to CC companies. "Consumers from (the) hardest hit areas have been especially cautious in their spending and diligent in paying down their credit card debt."