Relevant:
- Credit card debt hits new record in November, raising concerns.
- Hitting the credit card wall -- Credit card debt contracts 17 percent as the grand American household deleveraging continues.
- Card Issuers Sneak In Hikes to the Indebted
- How the Fed rate hike will impact millions of Americans
- U.S. consumer credit surges on increased credit card use
2012-01-10 — timiacono.com
``It would appear that the Federal Reserve's guarantee of freakishly low interest rates until at least 2013 (soon to be extended into 2014 or beyond) and the resulting push by credit card companies to clog mail boxes with all sorts or tempting offers had the desired effect on Americans as they racked up new credit card debt in November at a rate not seen since before the wheels fell of the global financial system back in early-2008.''
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