Consumer credit outstanding results are not pretty. Outstanding consumer credit continues falling with neither the first nor second derivative being positive. As I have mentioned before the rate of decline is unprecidented. It was World War II the last time consumer credit fell at such a rate and WWII is a pretty good excuse not to go out and borrow more money. As you can see from the picture (click on it for a larger image) consumer credit before has fallen to a negative growth rate, but only for a short period of time and it quickly turned upwards.
Since the US consumer is approximately 70% of US GDP this does not bode well for growth in the near term.