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16th Annual National Collections & Credit Risk Conference
March 14-16, 2012
Hyatt Regency New Orleans
New Orleans, LA

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Chargeoffs Drain Receivables, Underpinning Card Contraction

Monday, March 15, 2010

Revolving consumer debt, mostly comprising credit card loans, fell $110 billion, or 12.7%, from an all-time peak in September 2008, to $866 billion in December 2009, according to seasonally adjusted data from the Federal Reserve.

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