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Banks finally admit that they are willing to settle

Submitted by Chrys Henderson on Fri, 06/19/2009 - 00:03
Posts: 2538
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On June 15, 2009, the New York Times published the following article: "Credit Bailout: Issuers Slashing Card Balances".
"http://www.nytimes.com/2009/06/16/your-money/credit-and-debit-cards/16credit.html?ref=your-money"

In it, banks admit that they are willing - even more so now-a-days - to settle delinquent debt.