Visa U.S.A. will release a study today showing that change in income-and not increased use of credit cards-is the primary reason for the dramatic rise in personal bankruptcies.

The study of 11,000 bankruptcy petitions filed in Massachusetts, California, Tennessee, and Illinois over the past few years showed credit card balances constituted less than 5% of the debt held by Chapter 13 filers and between 7.3% and 15.6% of the debt held by Chapter 7 filers.

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