Consumers Paying Off more Credit Card Debt

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000534-consumers-paying-off-more-credit-card-deb/

JPMorgan Chase and Citigroup announced this week that their total outstanding credit card balances declined during the first quarter, according to a story by MarketWatch yesterday.

At JPMorgan, credit card balances dropped $8 billion, or 6%, to $134.3 billion at the end of March. The decline at Citigroup was $5.7 billion, or 4%, leaving its outstanding balance at almost $136 billion, according to the story.

For this complete story, please visit Some banks see consumers paying off more credit-card debt.