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Grace period for repayment of balances for purchases 25 days on average Method of computing the balance for purchases Average daily balance including new purchases Annual fees None Balance transfer fee. Forrester Research figures total online sales in Europe will top $42 billion this year, a 23% increase over 2002. Selling the debt Most collection agencies operate on a contingency basis, keeping a percentage - typically 25 percent to 33 percent - of the debts they recover for a creditor.
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