In the last two and a half years, our nations outstanding credit card debt decreased by nearly 200 billion dollars, a drop of about 20%.  This marked decline has caused our credit as consumers to grow conversely with the decline.  Please see the article below for an article on the subject.

 

http://www.insidearm.com/daily/credit-card-accounts-receivable/credit-card-receivables/november-largest-consumer-credit-growth-in-a-decade/