NEW YORK ( TheStreet) -- One positive outcome from the economic downturn of the past two years is that consumers are paying down their credit card debt.In November, Equifax (EFX) reported that credit card debt had declined 7.3% from a year ago. The latest Federal Reserve Consumer Credit said credit card debt fell in November for the 14th consecutive month. Revolving credit, the majority of which is credit card debt, has fallen more than $100 billion to $874 billion from $976.1 billion in October 2008.
Cut Credit Card Debt: An 11-Step Program
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