Viewed in the context of recent history, the milestone is alarming. The recent quarterly report of household debt issued by the Federal Reserve Bank of New York revealed that Americans have the highest credit card debt in history, [post_excerpt].03 trillion. The vast amount of credit card debt should be a warning to all Americans. Many people flirt with financial disaster by taking on too much debt. This is especially true for credit card debt. As debt reached an historic level, more and more customers were getting access to credit cards. During the second quarter of the year, the number of...

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