CardTrak.com - Most Trusted Source of Credit Cards Since 1986

By Julia Spencer, CardTrak.com

A new study has found that consumers have increased their debt by 3.6% last year after increasing 8.6% in 2004. Over the same two-year period, minimum monthly payment obligations have increased by 10%. Experian's "National Score Index" also found that the number of late payments increased nearly 20% between 2004 and 2006. The "Index" is based upon a nationwide sampling of the million consumer credit profiles. The figures do not include mortgage debt.