Credit Scores, Debt Said to Increase

November 2009
American Banker;11/13/2009, Vol. 174 Issue F314, p5
Trade Publication
The article discusses data on consumer credit compiled by Credit Karma Inc. In October of 2009, the average consumer's credit-card debt grew 14% compared to the previous month's figure. That same month 40% of consumers saw their credit scores increase, with the average score being 671. Ken Lin of Credit Karma said the data suggest consumers are beginning to feel more comfortable about spending money.


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