Circuit City Stores, Inc. is considering accessing the asset-backed market this year with a private-label credit card deal - backed by the company's own cards - which would mark Circuit City's first transaction of this type since 1996.

Though Circuit City declined to comment, a source familiar with this and previous transactions said, "The reason they haven't done one of these since 1996, is that this would be an asset-backed deal to refinance the payout of series 1994-2, which was issued at the end of 1994."

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