BusinessJanuary 24, 2000
BUSINESS MEMO: PAYING OFF BILLS
Many consumers have started to pay off their credit card debts faster and resisted new cards, helping reduce personal bankruptcy rates that had reached historic highs, a consumer group said Tuesday. The Consumer Federation of America said 112,000 fewer people filed for and received bankruptcy court protection last year than in 1998, which it termed the largest one-year decline on record...
Many consumers have started to pay off their credit card debts faster and resisted new cards, helping reduce personal bankruptcy rates that had reached historic highs, a consumer group said Tuesday.
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The Consumer Federation of America said 112,000 fewer people filed for and received bankruptcy court protection last year than in 1998, which it termed the largest one-year decline on record.
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