Credit card borrowing

• College student Simone Bernstein, 20, is using her credit cards to cover her living expenses this summer. She chalks up the debt to an opportunity cost: Her (barely paid) summer internship in New York City will be worth it down the line, she hopes.
(Huffington Post)
• "We might see additional increases in credit card debt in the coming months," said Paul Edelstein, director of consumer financial economics at IHS Global Insight. "But they won't match the May surge." Consumer borrowing rose by $17.
(Omaha World-Herald)
• But overall credit card use is still well below where it was just before the Great Recession began. The Federal Reserve said Monday that consumer borrowing rose by $17.1 billion in May from April.
(FOX News)
• In April, consumers increased their borrowing by $6.5 billion, just half the March gain. The slowdown reflected a sharp reduction in credit card debt. Total borrowing in April rose to a seasonally adjusted $2.55 trillion.
(msnbc.com)
• "We might see additional increases in credit card debt in the coming months," said Paul Edelstein, director of consumer financial economics at IHS Global Insight. "But they won't match the May surge." Consumer borrowing rose by $17.
(The Spokesman-Review)
• Credit card companies clearly didn't get the memo Credit cards are designed as short-term borrowing vehicles, and if you carry a long-term balance on them, you lose. The Internet can be a great source of shopping deals.
(Forbes)
• which includes mostly credit cards, jumped 11.2% to $870.20 billion –the biggest percentage rise since November 2007. While the data are volatile, the jump suggests consumers were more willing to spend this spring.
(Wall Street Journal)
• The interest rate on the credit card was being raised to 29.9 % "This is unconscionable On top of this came the cost of borrowing, $5,990.64 over the five-year term. That made the total cost of a $3,500 loan, if it ran to full term, $10,952.
(saultstar.com)
• PANAJI: A specially-abled Goan athlete had to dig deep into his own pockets, use a credit card and borrow from friends to participate in the Para-Archery World Ranking Event in Metuji, Czech Republic.
(Times of India)
• struggle to pay off debts on weak job market and wage growth] [USD weakens] Consumer borrowing in the U.S. jumped more than forecast in May, as credit-card debt recorded its largest gain since November 2007.
(MENAFN)