Consumers Cutting Down On Borrowing And Spending, Opting For Cash Instead Of Credit

In the wake of one of the most devastating economic downturns the U.S. Has ever gone through, consumers have begun to wise up and are now avoiding the financial traps that left them exposed when the economy crashed. American consumers are now focusing on saving and paying off their debts. They are also getting credit shy and are moving towards cash spending instead. While that goes on, credit card companies are also tightening up their ship and are reducing available credit.The current trend of