2013-01-31 —

``FICO Labs looked at 10 million consumer credit files for its most recent research report and it found that since 2005 the average amount of student loan debt has risen by a whopping 58 percent to more than $27,253 in 2012 compared to $17,233 in 2005. At the same time, balances owed on credit cards and auto loans decreased during that same seven-year period as consumers tried to reduce their level of indebtedness.''

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