Report: Credit Card Debt Down 11 Pct in 2011

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Consumers cut their credit card debt by 11 percent last year, according to a new report by credit tracking and financial education website CreditKarma.com.

In 2011, the average credit card balance was nearly $6,600.

That's because Americans didn't spend as much money in a weak economy.
    
However, some analysts believe consumers may start spending more this year as the economy improves, and that could mean credit card debt could start to rise again.

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Credit Karma

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