Application of the concept "credit exhaustion" to reality.
Credit-card defaults on rise in US
By Saskia Scholtes in New York
Published: August 27 2007 19:02 | Last updated: August 27 2007 19:02
US consumers are defaulting on credit-card payments at a significantly higher rate than last year, raising the prospect of problems in the stricken US subprime mortgage market spreading to other types of consumer debt.



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