Just as the American Bankers Association reported that creditcard delinquency has hit its lowest point in years, Equifax is reporting thatconsumers continued to cut their credit lines in 2012.
Total consumer credit card debt was $603.4 billion in January2013, down 0.85% from January of the previous year, according tonew Credit Trends Report data from Equifax, one of thethree major national credit reporting bureaus.
By comparison, the total consumer credit card debt declined by1.56% between January 2011 and January 2012.
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