Credit card debt down by 11 percent « Beating Debt News Archives

Credit card debt down by 11 percent June 7, 2009

Posted by BDO in News.
Tags: beating, consumer, credit, Debt, economy, finances, government, loans
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In some continued good news for Christians, the Federal Reserve released its latest findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of April by 11 PERCENT. Overall, consumer credit was down 7.4 PERCENT for April. That is great news because it means that we are more willing to pay off consumer credit and earn our freedom than struggle under the painful agony of debt.

These numbers should help the Consumer Debt Clock to continue to go down. How much more can we, as a nation, continue to drive the clock down?

For more info on the Federal Reserve’s numbers, click here.

To add the Consumer Debt Clock to your blog/website, click here.

Also, on June 11th, the Federal Reserve will be coming out with its latest findings for the total debt picture for the 1st Quarter, 2009. I am hoping that the Consumer Debt Clock is right and total debt is down.

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