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Banks Aren't Worried That More Credit-Card Loans Are Souring

  • U.S. card balances top $1 trillion for first time since crisis
  • Historically low unemployment rate gives reason for optimism
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The Three Best Ways to Pay Down Your Credit Card Debt


For Kevin St. Pierre, the math on credit cards is pretty simple.

“Generally, if the consumer has income, they pay their debts,” St. Pierre, an analyst at Sanford C. Bernstein, said in a note to clients last week. “Consumer credit losses are driven predominantly by unemployment.”