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US consumers turn to alternative payment methods to avoid further debt Thursday 6 November 2008 | 03:49 PM CET
Recent data shows that as total US consumer debt levels reached USD 2.577 trillion at the end of August 2008, consumers are seeking to cut back on their reliance on credit. As a result, a major emerging trend is using prepaid debits card in order to gain a higher degree of control over spending and have permanent access to funds without running the risk of overdraft fees.
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