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Home » Blog » Debt Relief » Credit Card Debt

Credit Card Debt

Why American Credit Card Debt Shrank During The COVID-19 Pandemic

August 6, 2020 by Brian Allen

COVID-19: Why Consumer Debt Fell During the Pandemic

Americans have paid down more than $100 billion in credit card debt since March of 2020, according to the Federal Reserve – bringing total credit card debt below $1 trillion for the first time in 3 years.

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