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News Summary: Average US credit card debt rises

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BIGGER BALANCES: Credit reporting agency TransUnion says that the average credit card debt per borrower in the U.S. grew 4.9 percent in the third quarter from a year earlier. HIGHER DELINQUENCIES: The rate of credit card payments at least 90 days overdue also edged higher to 0.75 percent from 0.71 percent in the third quarter of last year. OUTLOOK: The late payment rate is inching higher from...

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