CREDIT CARD DEBT STATISTICS

Total credit extended, which includes unused credit lines and debt incurred by consumers, approached three trillion dollars for the first time ever. Total credit increased by 13 percent during just the first nine months of 2000, which projects to a 17 percent increase for the entire year. Most of the increase in total credit extended can be attributed to credit extended by issuers ($340 billion increase for the first three quarters) as opposed to debt incurred by consumers ($22 billion increase).

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