Consumer Confidence Slumps
COSTA MESA, Calif. - (04/20/06) Consumers have become morenegative about their credit situation over past month, according tothe Experian-Gallup Personal Credit Index, which measures consumerconfidence month to month. The decline comes equally from concernsabout the present and future, the survey found. Only 15% ofconsumers say now is a good time to borrow more money, down from20% last month. Future concern about extending debt alsocontributed to the drop in consumers¹ feelings about theircredit, making the debt extension issue now and in the futureaccount for more than half (five points) of the overall nine-pointdecline in the index, the company said.