For reference, their Hispanic or Latino counterparts owed 83 percent of their original student
debt over the same time period.
Not exact matches
And, at the
same time, it's been using this
period to strengthen its balance sheet, lowering
debt by roughly 30 %
over the
same period last year.
The report also found lending circles helped participants reduce outstanding
debt by an average of $ 1,000 versus a control group that increased its
debt by an average of almost $ 3,000
over the
same time period.
The
same applies to all payment delinquencies: if you can pay off
debts that went to collection, and make on -
time payments
over an extended
period, lenders will see that you've changed your ways.
For reference, total household
debt only grew 6 %
over that
same time period, according to data from The New York Fed.
The Graduated Repayment Plan allows you to repay your
debt in the
same 10 - year
period, but with smaller initial payments which build up
over time.
Though discretionary income (gross income minus taxes) has grown consistently
over the last several years, consumer
debt as percentage of discretionary income has reached an all -
time high
over the
same time period.