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Americans' Use of Credit Continues Decline: Equifax

Credit bureau says consumers adding less to credit lines, using less of what they have.

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Just as the American Bankers Association reported that credit card delinquency has hit its lowest point in years, Equifax is reporting that consumers continued to cut their credit lines in 2012.

Total consumer credit card debt was $603.4 billion in January 2013, down 0.85% from January of the previous year, according to new Credit Trends Report data from Equifax, one of the three major national credit reporting bureaus.

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