CCBill declines, failed rebills Question

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I read an article about a month back on credit cards by some financial tracking company.

The highlights were that almost 100 million credit cards had been canceled in the USA, and credit limits had been chopped by almost a trillion bucks.

With the bail out banks starting to show profits and pocketing the money without freeing up credit for mortgages and credit cards we are likely to be in for a rough ride for quite some time.