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**Update**

Consumers have become less positive about their credit situation since last month, according to the latest findings of the *Experian-Gallup Personal Credit IndexSM. The decline in the Personal Credit Index is due mostly to lower optimism about consumers' future credit situation. The Personal Credit Index measures consumers' perceptions of their credit status including four key areas related to credit: level of debt, monthly payment burden, credit rating, and debt extension capability. The survey shows that the largest decline comes from consumers' less positive feelings that six months from now they will be able to make their monthly payments and borrow money should they have the need.

Currently the Personal Credit Index is at 82, down from last month's benchmark score of 100. More results for the Experian-Gallup Personal Credit Index can be found at www.PersonalCreditIndex.com .

**"The drop in the Personal Credit Index suggests that rising interest rates are creating some concerns among consumers about their ability to continue borrowing money at good terms in the future," said Ed Ojdana, group president of Experian Interactive. "Consumers may have good reason to feel this way since we have also seen a downward trend in consumer credit scores during recent months."

The survey also shows that the largest decline occurred among the youngest consumers (under age 30), whose Personal Credit Index score fell by 45 points to 41. The 30-49 age group experienced a 21-point drop, with their Personal Credit Index now at 73. Among the pre-retirement age group, 50-64, there was only a modest 9-point drop, to 102, while consumers 65 and older showed a slight increase of 2 points, to 114.

"The credit of younger consumers is most susceptible to being battered by the economy because they usually don't have a track record for managing credit," said Dennis Jacobe, chief economist for The Gallup Organization. "These young consumers also may have financial obligations with variable interest rates which allow them to afford the payments. However, any rise in interest rates will increase their payments making it more difficult for them to meet their obligations."

What can you do if debt is getting you down? Create your Wealth Planner and follow your plan to get out of debt. You'll feel much better about your financial future when you know you're on target!

* More information about the Experian-Gallup Personal Credit Index can be found on the official Web site at www.PersonalCreditIndex.com . In addition, for information about average credit scores and other credit related data at the national, regional, state and local area levels, visit the Experian National Score Index site at www.NationalScoreIndex.com .

**Read the entire press release online at www.thedma.org/cgi/dispnewsstand?article=3563

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