NEW YORK, March 4, 2011 /PRNewswire/ --
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While the economy continues to recover, many consumers are still figuring out how to manage credit card debt. Particularly, in the beginning of the year, consumers may be struggling to pay down lingering balances from last year. New data from Experian takes a look at credit card trends and found that while Americans have reduced seasonal debt by more than four percent since 2009, the average person still owed more than $4,000 in bankcard debt this past December. It also examines which cities have the highest credit card balances. Establishing good credit can effect everything, from the ability to get in-store financing or a new credit card to determining loan rates when buying a home or a car. Given the current economic climate, consumers should take a proactive approach to begin rebuilding their credit now as managing debt has never been more important. Available content includes soundbites and b-roll.
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Story Id: 21959