Standard & Poor’s said that year to date volumes for in Credit Card ABS have surpassed the $8 billion pace set in 2012 but consumer aversion to credit card debt is likely to keep issuance volumes below its forecasted $40 billion total for 2013.

U.S. households have cut debt by $858 billion, from the peak point of debt in Q3 2008 to Q4 2012, according to a Citigroup report.    

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