http://www.crikey.com.au/2009/06/19/give-consumers-a-little-credit-when-it-comes-to-managing-their-debt/ now with extra source Sun, 12 Feb 2012 11:47:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2009/06/19/give-consumers-a-little-credit-when-it-comes-to-managing-their-debt/#comment-29085 Altakoi Sat, 20 Jun 2009 03:19:28 +0000 http://www.crikey.com.au/2009/06/19/give-consumers-a-little-credit-when-it-comes-to-managing-their-debt/#comment-29085 I dont think that credit card debt can be considered in isolation of total debt since its consumers overall financial situation that matters. Credit cards, it seems to me, are the 'labile' part of consumer debt. Money can move from equity in other areas, such as housing, onto credit cards easily and so, even if they are paid off, they can be a persistant drain on a consumers overall finances. I dont think that credit card debt can be considered in isolation of total debt since its consumers overall financial situation that matters. Credit cards, it seems to me, are the ‘labile’ part of consumer debt. Money can move from equity in other areas, such as housing, onto credit cards easily and so, even if they are paid off, they can be a persistant drain on a consumers overall finances.

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