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The Boston Globe

Business

Eileen AJ Connelly

Defaults down, credit companies may issue more cards

Credit card defaults dropped so sharply this year that banks may pick up their pace of opening new accounts in 2012.

While it’s not likely that card companies will open the floodgates and hand out cards as readily as they did four or five years ago, potential customers with moderate credit scores should find cards easier to obtain in the coming year. That’s thanks in part to the strides that existing cardholders have made in making payments on time.

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