While the media and congress are busy pointing their fingers at the lackadaisical and allegedly unscrupulous business practices within the mortgage industry, they seem to be ignoring one of the more serious causes of the mortgage meltdown, credit card debt. Credit card debt has been a chronic problem over the past few decades and was incredibly out of control during the peak of the mortgage boom when property values rose skyward and homeowners gained thousands upon thousands of dollars in newly…
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Posted on September 25, 2008 at 12:56pm —
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