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To: EL KABONG!!! who wrote (21088)	7/10/2002 8:10:45 AM
From: Moominoid	Respond to of 74559

If you look into you'll likely find that that is the mean of those that have debt rolling over from one month to the next, rather than the overall mean. Still it is a big number. But with a bit of skill in the US you won't necessarily pay such a high interest rate. When I was a grad student I had a pile of credit card debt at very reasonable rates and my current student friends do too. It's much harder in Aus say to get low interest rates for credit cards.

To: EL KABONG!!! who wrote (21088)	7/10/2002 10:35:06 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi KJC, thank you for the reading material. I look forward to savor the flavor while on plane homeward bound. Hi snowshoe, <<I would sh*t bricks if I was paying those usurious rates on that kind of money!>> ... On the credit card carrying balance, I believe the number you mentioned is the average balance PER credit card. The average family has multiple cards. I know 2 upper middle/lower upper class types (income in 120-200k range) with a USD 25-50k balance, looking to pay down quickly, and still not quick enough, facing employment restructuring. Yes, people are crazy. I would not be able to sleep at night if in them shoes. Chugs, Jay