Chicago, Ill. — The latest evidence that the US is beginning to pull out of the recession came in from gloomy numbers posted by a monthly report card of consumer payment patterns that noted some major credit card issuers announced small drops in the level of borrowers who were at least a month behind in payments. Second chance checking takes this news as a cue that many who had experience difficulties or had a closed account may be in need of a free second chance checking or bad credit checking account, states FreeSecondChanceChecking.com.
American Express Co. and Bank of America Corp. each announced a small drop in the level of borrowers who were at least one month behind in their payments in July as compared to the previous month. Though the figures are higher than historical standards, the latest numbers add to optimism that the economy is bouncing back. The latest numbers could be a sign of consumers gaining financial stability.
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