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Released: January 17, 2012
Credit card debt drops
Source: Blake Ellis, CNNMoney
Consumers whacked down credit card debt by 11% last year, and average debt loads dropped in every state.
The average credit card balance for 2011 was $6,576, down from $7,404 the previous year, according to a report from credit tracking and financial education website CreditKarma.com, based on data from more than 300,000 of its users.
Read Full Article: Credit card debt drops
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