Sentences with phrase «credit card debt levels»

Credit card debt levels continue to fall as consumers fearing uncertain economic conditions and unemployment continue to pull back on discretionary spending.

The Motley Fool notes that falling credit card debt levels are influenced by factors other than consumers cutting up credit cards and using cash instead of plastic:

While credit card debt levels speak volumes about the state of the consumer, cardinal personal finance advice centers on staying debt - free.

Credit Karma reports that average consumer credit card debt levels fell by about $ 1000 between January 2009 and now, which puts average credit card debt at about $ 6400.

Compared to the 4th quarter of 2008, when U.S. credit card debt reached a record high of $ 975.7 billion (yes, that's billion), credit card debt levels for the past 18 months have fallen by 12.6 % to approximately $ 852.2 billion.

Time magazine's blog, The Curious Capitalist, explains that falling credit card debt levels are not entirely attributed to consumers paying down credit card debt.

The Federal Reserve reports that credit card debt levels are continuing to fall, and that average credit card debt for individuals has fallen to $ 4951 as of June 30.

The Federal Reserve reports that although consumer debt levels are increasing, which indicates more consumer spending, credit card debt levels are falling.

In 2009, the credit card debt level had reached $ 1700 per household.