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U.S. credit card debt reaches $1.26 trillion as rates squeeze households

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  • Ernesto Alvarez repaid about $70,000 across 12 to 15 credit cards.
  • $1.26 trillion was outstanding in U.S. credit card debt during the second quarter.
  • Carol Jones later entered a debt management plan after two consolidation loans failed.
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U.S. credit card debt reaches $1.26 trillion as rates squeeze households - CoinPost Terminal