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	<title>How to Get Out of Debt With the Get Out of Debt Guy &#187; card-companies</title>
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		<title>New Indian Middle Class Gets Caught In the Whirlwind of Revolving Credit</title>
		<link>http://getoutofdebt.org/2460/new-indian-middle-class-gets-caught-in-the-whirlwind-of-revolving-credit</link>
		<comments>http://getoutofdebt.org/2460/new-indian-middle-class-gets-caught-in-the-whirlwind-of-revolving-credit#comments</comments>
		<pubDate>Tue, 28 Oct 2008 13:00:01 +0000</pubDate>
		<dc:creator>Steve Rhode</dc:creator>
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		<category><![CDATA[India]]></category>
		<category><![CDATA[abhay]]></category>
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		<category><![CDATA[revolving credit]]></category>
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		<guid isPermaLink="false">http://getoutofdebt.org/?p=2460</guid>
		<description><![CDATA[<p><p>From <a href="http://getoutofdebt.org">How to Get Out of Debt</a></p><p>It's tough all over -- and not just in the United States. In India, where revolving credit is still relatively new, consumers are struggling under the weight of crushing consumer debt, according to a story in the Wall Street Journal this morning. But it's not just Indian consumers who are suffering. The banks that handed out this easy money are being hammered as well. Indeed, card companies that</p></p><p><strong>Read the full article at <a href="http://getoutofdebt.org">GetOutOfDebt.org</a>, click here:</strong> <a href="http://getoutofdebt.org/2460/new-indian-middle-class-gets-caught-in-the-whirlwind-of-revolving-credit">New Indian Middle Class Gets Caught In the Whirlwind of Revolving Credit</a></p>]]></description>
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