Few say they owe more money than last year

While there are a variety of signs indicating the economy is in a state of recovery, personal debt obligations isn't one of them, according to a new poll.

In a recent Rasmussen Reports national telephone survey, 23 percent of American adults say they owe more money today than they did last year at the same time. That's the lowest rate since the poll was first conducted in April 2009.

In addition to fewer consumers being in arrears, a limited number of individuals believe they're being charged higher interest rates. Approximately 21 percent say they they're paying higher interest fees now than they were in September 2010, according to Rasmussen.

The reason why consumers don't feel like they're paying higher fees may be because they're keeping track of their credit scores. Occasionally, creditors may inadvertently make notations on credit reports indicating someone hasn't paid off their debts when they actually have. These errant marks can cause credit scores to lower and raise their cost of borrowing. Consumers who review their credit report can make sure nothing is amiss and avoid erroneous interest rate hikes.