Credit card debt down by 6.8 percent August 14, 2009
Posted by BDO in News.Tags: beating, card, clock, consumer, credit, Debt, federal, loan, reserve, revolving
trackback
In some continued good news for the nation, 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 June by 6.8 percent. Overall, consumer credit was down 4.9 percent for June. 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.
~~~~~~~~
Volunteer or Donate to Help Convince More People To Stay Away From Debt.
Show others how much you’ve beaten debt
for the price of one latte a year. – – Beating Debt Charts
A Kid's Guide to Managing Money (Ready-Set-Grow Series)
[...] Credit bill debt downbound by 6.8 percent [...]