The economy is in freefall, and countless Americans are losing their jobs or are accepting pay cuts in an effort to keep working. As such, paying bills and making ends meet is becoming more and more difficult, and before long consumers find themselves choosing which bills to pay each month and which to keep for another month. Sadly, in spite of bailouts by the federal government, banks are taking advantage of hard pressed consumers and rather than working with those who cannot afford to pay their outstanding credit card bills, banks simply cut down the credit limits and raise the interest rates of those who default by falling 30 days behind on their payments.

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