U.S. revolving credit, 98% of which is credit card debt, rose in June to $968.4 billion, according to a Federal Reserve G.19 report released yesterday. The month's revolving credit was up 0.57% from $962.9 billion in May. Total seasonally adjusted consumer-credit outstanding, which includes revolving and nonrevolving credit, rose at an annual rate of 6.7% in June, to $2.59 trillion, the report says. The American Bankers Association reported bankcard delinquencies of 4.51% for the first quarter, 11 basis points higher than the five-year average delinquency rate of 4.4% (CardLine, 7/9). More consumers are having trouble meeting their obligations because of anemic personal-income growth, falling home equity and stock values, unemployment, and rising food and energy prices, according to James Chessen, the association's chief economist.