The Associated Press released this Article July, 9th, 2007. It starts....

WASHINGTON - Consumer borrowing posted a hefty increase in May, reflecting the biggest jump in credit card debt in six months.

The Federal Reserve reported Monday that consumer credit rose at an annual rate of 6.4 percent in May, far above the small 1.1 percent gain of April.
David Wyss, chief economist at Standard & Poor's in New York, said some of the surge in credit card debt reflects the fact that it is getting harder to get home equity loans with banks tightening up on standards and home values not soaring as they did during the housing boom.
"Click Here for the Full Article

This is an ethical, moral and completely legal program to show you how to get out of the spiraling clinches of “Credit Card Hell” and take back your credit worth reputation. This is NOT-- Debt Consolidation, Debt Settlement, Arbitration or Credit Consumer Counseling. Don’t even think about considering the stigma Bankruptcy would carry for you—and the additional expense that goes with it… Visit us at Credit Card Rest In Peace or call us at (949) 240-7401 0r (800)587-9046 Ext 6060

We look forward to getting you back in control of your financial future!

Check out my blog at Eliminate-Credit-Card-Debt-Options

keywordterms: credit card debt, credit card debt consolidation. eliminate credit card debt, consolidate credit card debt, settlement