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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Record High Debt

In December 2007, revolving debt--an estimated 95 percent from credit cards--reached a record high of $943.5 billion, according to the Federal Reserve. The annual growth rate of this debt increased steadily in 2007, reaching 9.3 percent in the last quarter, up from 5.4 percent in the first quarter.
        Categories:  Household Debt,Consumer Debt,Credit Card Debt
        Reporting Pub:  New York Times
        Reporting Date:  2/9/2008
        Article Title:  Debt Relief Can Cause Headaches of Its Own
        Article Author:  Jane Birnbaum
        Pub's Source:  The Federal Reserve
        Source URL:  View details from source
 

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