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The account holders are responsible for all purchases they make on credit cards. Some people choose to only to pay the minimum required on their monthly statements and, consequently, never make much of a dent in their balances. A study of behaviors regarding credit cards revealed that in the last month of 2008, the rate of paying off balances had dipped to levels not seen in 4 years. Many analysts predict that default ratings on credit cards will continue to rise, given the declining economy. Consumers are struggling with rising unemployment, declining home values and bruised investment portfolios.