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consumer debt levels
More than 10.000 documents for consumer debt levels
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NEW YORK, Sept. 21 /PRNewswire/ -- Data through August 2010, released today by Standard & Poor's and Experian for the S&P/ Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, show the monthly default rates declined for second mortgages to 2.4% after last months rise to 2.8%. First mortgage and bank card loans declined from July to 3.2% and 7.9% respectively. Auto loans increased for the second month in a row from 1.96% in July to 2.05% in August. Except for auto loans, the consumer credit default indices show declining default rates. First and second mortgages show downward trends dating from May, 2009 while bank cards have seen diminishing default rates since April, 2010. In contrast, auto loan default rates have now risen for two ...
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Colorado has higher consumer debt levels than the national average but lower delinquency rates for most types of consumer loans, according to a report issued Tuesday by the Federal Reserve Bank of Kansas City. The average total consumer debt per person, which doesn't include mortgage debt, in Colorado declined slightly during the second quarter to nearly $20,000 but remained 17.7 percent higher than the national average of $17,000, according to the Consumer Credit Report Colorado published on the bank's website. Much of the difference between the national and state numbers results from higher levels of revolving, or credit card, debt in Colorado that at $10,100 are 31.2 percent higher than the national average.
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NEW YORK -- As the bills from holiday spending sprees arrive, Americans are finding that the mountain of debt they've built has gotten even higher. Consumer debt has more than doubled in the past 10 years to record levels, making it hard for many families to cope.
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NEW YORK, April 19, 2011 /PRNewswire/ -- Data through 2011, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed a decline in monthly default rates across all credit lines. First and Second Mortgage indices declined to 2.33% and 1.42%, from 2.45% and 1.46%, respectively. The Bank Card index experienced the smallest decrease to a 5.59% default rate, while Auto Loans had the largest decrease to 1.47%. Modest declines in consumer credit default rates continue across all major sectors as consumers gradually rebound from the financial crisis of two years ago," said David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P Indices. "Recent data from t...
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This research note uses 2007 Survey of Consumer Finances (SCF) data to update work reported in an earlier article, "Retiring in Debt? Differences between the 1995 and 2004 Near-Retiree Cohorts." The analysis documents whether there have been changes in the debt holdings of near-retirees in 2007, a point in time reflecting the start of the recent financial and economic crisis, relative to 2004. Results show that near-retirees' debt levels in 2007 were modestly higher than in 2004, overall and across a number of subgroups. The results do not capture the full impact of the financial crisis, which manifested at the end of 2007 and in 2008.
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ATLANTA, Nov. 21, 2011 /PRNewswire/ -- While total consumer debt has nearly returned to pre-recession levels*, the amount of total new credit issued still lags behind pre-recession levels by a full 45%**, according to the most recent Equifax National Credit Trends Report. (Logo: http://photos.prnewswire.com/ prnh/20060224/CLF037LOGO )
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Mergers & acquisitions (M&A) activity in the accounts receivable management (ARM) industry reached a new all-time high in 2005, with over $1.7 billion changing hands. This surpasses last year's record-breaking $1.6 billion in deal value. Key drivers of M&A activity included a strong economy, growing consumer debt levels, the receptivity among creditors to place or sell receivables, and the willingness of investors and lenders to fund transactions. Looking ahead in 2006, Kaulkin Ginsberg expects M&A activity in the ARM sector to remain strong, with particular emphasis on markets outside of the US and on agencies within the US that are specialized in niche markets with substantial growth potential.
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WASHINGTON, Aug. 22, 2011 /PRNewswire/ -- The economy was hit by a barrage of disappointing news during the last month, which led to a significant downgrade in the overall macro economic forecast released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group. While the August 2011 Economic Outlook does not forecast a double dip recession, the downgraded forecast reflects the Group's view that the probability of another recession is close to a coin toss. For all of 2011, economic growth is expected to downshift to 1.4 percent from 3.1 percent in 2010. Growth is expected to pick up in 2012, but only to about 2.0 percent, compared with 3.1 percent projected in the July forecast. Key factors, including revisions to gross domestic product (GDP) data, ha...
... are clearly driving the mindset of consumers and housing is being impacted by this," Duncan con...
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Issues concerning the economy as the United States enters the 21st century are examined, focusing on how the economy differs from that of earlier times in the 20th century and the risks that are prevalent. Topics include consumer spending, debt levels, the impossibility of raising a family on a single income, the information technology economy and productivity, and the growing economic gap between rich and poor nations.
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ConsumerCreditRights.Org Advocates for Policies that Protect Consumers against Unscrupulous Financial Services Practices WASHINGTON, April 29 /PRNewswire-USNewswire/ -- A coalition of debt settlement professionals and consumers today launched a campaign to protect the right of Americans to resolve their financial issues with a provider of their choice. With the U.S. facing record levels of consumer debt, the Consumer Credit Rights Campaign will advocate for policies at both the Federal and state levels that ensure access to safe and effective debt resolution programs.
