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Consumers Paying Off more Credit Card Debt
April 20, 2006
JPMorgan Chase and Citigroup announced this week that their total outstanding credit card balances declined during the first quarter, according to a story by MarketWatch yesterday.
At JPMorgan, credit card balances dropped $8 billion, or 6%, to $134.3 billion at the end of March. The decline at Citigroup was $5.7 billion, or 4%, leaving its outstanding balance at almost $136 billion, according to the story.
For this complete story, please visit Some banks see consumers paying off more credit-card debt.
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