Credit card debt increased by approximately $ 64 billion by 2011, it is much more than in the previous two years. Holiday shopping bills will swell more credit card debt at the beginning of 2012.
It is a much bigger increase than the 2009 or 2010. Unfortunately, the situation in 2012 will worsen before improving. You can thank the for that holiday shopping rush. It takes place during the fourth quarter, which is largely why the fourth quarter saw the debt build up faster than the second and third quarters combined.
In the third quarter of 2011, the consumer credit card debt run up 154 percent more than they did over the same period the previous year.