thesession

Tax Rebates Helping Americans Pay Down Credit Card Debt

The amount receivables also went up. I know some of this can be explained, but should be noted.

"Aggregate outstanding principal receivables... increased $11.6 billion to $442.4 billion in May, which is the highest level recorded by the index, from $430.8 billion in April."

"Principal receivables had been trending up since the first quarter of 2006 reporting a year-over-year increase of approximately 11.5% for May"