Saturday, December 11, 2010

Shoppers Shunning Credit Cards

Illinois-based TransUnion says the lowest percentage of shoppers in the history of a survey used credit cards for purchases during the Thanksgiving weekend.

The use of credit cards such as Visa and MasterCard fell 11 percent in the third quarter from a year earlier, The New York Times reported.

Many Americans want to avoid a big credit card debt after the holidays.'


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