Holiday Shopping: Americans Cut Back on Credit Card Use

In tough times, more Americans are making sure that the gifts they put under the Christmas tree this season are paid in full. Millions of Americans have cut up their credit cards since last year's holiday shopping season, meaning that this year, many are headed to the mall with cash in hand. According to the credit bureau TransUnion, 8 million Americans have stopped using credit cards since the the third quarter of 2009. 78 million consumers either don't have access to a general purpose...Full Story
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