Consumers have become more negative about their credit situation over past month, according to the Experian-Gallup Personal Credit Index, which measures consumer confidence month to month. The decline comes equally from concerns about the present and future, the survey found. Only 15% of consumers say now is a good time to borrow more money, down from 20% last month. Future concern about extending debt also contributed to the drop in consumers' feelings about their credit, making the debt extension issue now and in the future account for more than half (five points) of the overall nine-point decline in the index, the company said.
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