Having just sold my house, should I pay off my credit cards? Yes/No?
Banks Brace for Credit Card Write-Offs - NYTimes.com
Banks wrote off an average of 5.5 percent of their credit card balances in 2008, while the average unemployment rate was 5.8 percent. By the end of the year, the rate of credit-card write-offs was 6.3 percent; more recent data was not available.