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IOU: Consumer borrowing is on the rise

By John Hockenberry, Adaora Udoji, Sally Herships

Friday, August 8 2008

Times are tough, so people are turning to credit more and more. The Federal Reserve Board says the rate at which consumers borrowed money in June increased more quickly than in any month since November.

Guest: Gail Cunningham, Senior Director, Public Relations, National Foundation for Credit Counseling.
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