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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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Consumer Credit in May 2007

Consumer credit rose at an annual rate of 6.4 percent in May 2007, far above the small 1.1 percent gain of April. The increase was propelled by a surge in the category that includes credit cards, which rose at a rate of 9.8 percent. The jump in credit card debt was the largest since a 14.5 percent rate of increase in November. The category of consumer credit that includes auto loans was also up in May, rising at a 4.4 percent rate after a 1.7 percent gain in April. The size of the increase was nearly double what economists had been forecasting.
        Categories:  Consumer Debt,Consumer Credit,Federal Reserve
        Reporting Pub:  Associated Press
        Reporting Date:  7/10/2007
        Article Title:  Credit card debt increases in May
        Article Author:  Staff
        Pub's Source:  Federal Reserve Board
        Source URL:  View details from source

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