Last April 2010, we wrote about the steady reduction in credit card debt by the American Consumer. The trend continues. According to the Federal Reserve, Fourth Quarter 2009 credit card consumer debt was at $894.0 billion; fourth quarter 2010 credit card debt was $826.7 and Feb 2011 numbers stand at $792.1 billion. So what’s causing [...]
Entries Tagged as 'Consumer Debt'
Consumer Debt Still on the Decline
April 29th, 2011 · No Comments · Consumer Debt
Tags: Consumer Debt·Credit card debt·damaged credit·debt consolidation·Debt Settlement·Federal Reserve·New Credit
New Govt Report Confirms Decrease of Consumer Credit Card Debt
November 10th, 2010 · No Comments · Credit Cards
We’ve been blogging a lot lately about the decrease of consumer debt. Now a new government report confirms it.
Tags: Consumer Credit·Consumer Debt·credit·Credit Cards·Credit Reports·Federal Reserve·Federal Reserve Bank of New York·holiday spending
Consumers Cut Back on Credit Card Debt
April 8th, 2010 · No Comments · Credit Cards
Despite analysts’ predictions that consumer credit would rise in February, we saw a dramatic decrease instead, particularly for revolving credit and charge card accounts.
Joblessness in America – A Dire Prediction
March 11th, 2010 · No Comments · Career
One of our creditinfocenter forum members recently shared an article which is not only thought-provoking, but more than a little nerve-wracking as well. Published in the March issue of the Atlantic Monthly and entitled, “How a New Jobless Era Will Transform America”, the article offers insight to how our country has managed to reach the current unpleasant employment scenario, along [...]
Tags: Consumer Debt·effects of unemployment·future unemployment·Jobless Era·Jobless rate·joblessness·underemployment·Unemployment
