Tuesday, October 22, 2024

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.

Credit Card Debt Rises

In September, consumer credit rose a revised $4 billion, well above the previously reported drop of $1.2 billion. Consumer credit fell at a 0.6% annual rate in October, the biggest decline since October 1992, the Fed said. Non-revolving credit fell at a 3.3% annual pace in October, which was the largest decline since a 3.4% decrease in May of 1993, according to the Fed. Revolving credit gained at a 4.1% annual rate in October on top of a 4.9% increase the prior month.
        Categories:  Credit Cards,Consumer Credit
        Reporting Pub:  usatoday.com
        Reporting Date:  12/7/2006
        Article Title:  Consumer borrowing slows, but credit card debt rises
        Article Author:  Reuters
        Pub's Source:  Federal Reserve Board
        Source URL:  View details from source
 

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