It has become quite difficult for most consumers to keep up with their ever-growing debts and the numbers that are already in deep debt seems to grow each day. As you probably know, the economy is not doing so well recently and this has made for credit card companies to increase their interest rates. These usually grow when the demand of money is bigger than the supply and money and also when the inflation rate is high. In 2010, all these factors made for very high credit card interest rates and so many consumers can't afford to pay back their loans.


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