By Tony Pugh - McClatchy Newspapers
Published 12:00 am PDT Monday, August 18, 2008
Story appeared in BUSINESS section, Page B8
With more Americans struggling to pay for basic living expenses, a small but growing segment of the finance industry is encouraging consumers to pay their mortgages, car notes, student loans – and even alimony – online by credit card.
Those who pay their card charges in full each month may find that the practice provides a slew of card incentives while buying extra time to come up with the cash.
Paying recurring monthly bills with plastic, however, could drive debt-ravaged consumers who may be tempted by the option deeper into debt and push the subprime loan crisis onto the credit card industry.
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