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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (96990)	4/20/2001 5:05:32 PM
From: patron_anejo_por_favor	Respond to of 436258

Lastly, here's a little chestnut for everyone who thinks American's use credit cards primarily as a medium of exchange, rather than a storehouse of debt: quote.bloomberg.com The Consumer Credit Counseling Service, in a drab concrete building between the two stores, handled calls from 2,100 people last month, helping with such basics as setting budgets or planning repayment schedules. Workers had helped 1,400 a year earlier. The requests give another sign that a cooling economy has landed a growing number of Americans in financial trouble. Credit card holders repaid 13.7 percent of their outstanding balances in February, the smallest share since March 1998, according to a report from Moody's Investors Service. Evidence suggests personal bankruptcies and mortgage foreclosures are rising. ``Consumers have increased their standard of living by credit spending and that's made the banks very rich and families very vulnerable,'' said Elizabeth Warren, a professor of bankruptcy law at Harvard University. ``That's a prescription for disaster.'' 13.7%?! UFB!