Student Debt Quickly Turns into a Major Problem
Americans can't keep up with student loan repayments and delinquencies are now rising faster even than the mortgage delinquencies at the height of the crisis....
Tag: credit card debt
U.S. Credit Card Defaults Keep Falling
U.S. credit card charge-offs fell to 4.11% in September; the delinquency rate rose to 2.39%; the monthly payment rate fell to 22.07%....
Americans still Wary of Credit Card Debt
The latest Federal Reserve data show that, following two consecutive steep monthly decreases, U.S. consumer credit card debt has increased in August....
U.S. Credit Card Charge-offs, Delinquencies Keep Falling
US credit card charge-offs fell to 4.19% in August; the delinquency rate dropped to 2.32% - the lowest ever; the monthly payment rate rose to an all-time high....
U.S. Savings Rate Dips as Demand for Consumer Loans Spikes
Household borrowing is on the rise again and the growth rate of consumption spending has been outpacing that of personal income since Q2 2009....