Payment Card News

Dec Debt

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Consumer revolving credit pancaked in December as Americans added less than $1 billion from the prior month, impacted by an early Thanksgiving. However, revolving consumer credit did top a record of $876 billion in December, growing at an annual rate of 0.9%. Based on revised figures, revolving debt rose 13.8% in November and 6.4% in October. According to data released by the Federal Reserve, total revolving credit grew $600 million during November to $876.2 billion. Bank credit card debt (excluding store and gas credit cards) at the end of the fourth quarter was about $750 billion or roughly 85% of total revolving credit, according to CardData (“www.carddata.com”:http://www.carddata.com). At the end of December, Americans were $2400.6 billion in debt, excluding home mortgages.

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|_7. REVOLVING CREDIT HISTORICAL ($billions) |
| |_>. Dec 06 |_>. Nov 06 |_>. Oct 06 |_>. Sep 06 |_>. Aug 06 |_>. Jul 06 |
|_. GRWTH: |>. 0.9% |>. 13.8 |>. 6.4 |>. 4.3 |>. 8.9 |>. 6.7 |
|_. $OWED: |>. $876.2 |>. 875.6 |>. 865.6 |>. 861.0 |>. 857.0 |>. 849.8 |
|_7. Source: Federal Reserve; revised figures as of 2/7/07; |
|_7. For complete historical data, visit CardData (“www.carddata.com”:http://www.carddata.com) |

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