While the equities market doesn't necessarily have to sell off tomorrow, when it does happen, a higher level of borrowing will mean a faster descent. (gold-eagle.com)
Plus, near - zero interest rates are precisely what encouraged such inflated levels of borrowing in the first place. (usfunds.com)
One of the biggest factors in the reduced level of borrowing is the decline in credit card usage among consumers. (badcredit.org)