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IPFS News Link • Economy - Economics USA

Credit card debt jumps nearly 10% in May

7-10-2007 • Arizona Republic

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 percen

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Reported By Powell Gammill

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Credit card debt jumps nearly 10% in May

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