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US credit-card delinquency rises

PUBLISHED ON: January 9, 2008 | Duration: 1 min, 21 sec

  
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Just when American banks were trying to overcome the jolts of subprime crisis they have been hit hard again this time because of mounting credit card delinquencies. Major US banks are penalizing credit-card customers on late payments by hiking interest rates upto 30 per cent.
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