An estimated 55-60 percent of Americans carry credit card balances. One recent study found that nearly half of those with balances made just the minimum payment in February 2002. In the same month, about 37 percent of Americans who could not pay off their balances paid less than half their outstanding balance, and only 13 percent of consumers with an outstanding balance could afford to pay more than half the balance.In response to these shocking statistics and the lack of government action to protect consumers, the state PIRGs investigated whether consumers could fight back on their own against unfair and unreasonable credit card interest rates. Deflate Your Rate reports on our study and offers consumers ways to lower their credit card interest burden.