Not exact matches
«While the 2005 bankruptcy overhaul law aimed to reduce filings,
overall consumer debt and
continued financial stress have led to
consumer bankruptcies climbing back to pre-BAPCPA levels,» ABI Executive Director Samuel J. Gerdano said in a statement.
As
consumer debt continues to climb, it is not surprising that the latest data shows that personal loans are becoming more and more commonplace
overall, accounting for a larger portion of
consumer debt.
Meanwhile,
overall consumer debt, including mortgages, also
continues to rise — up 9.1 per cent to $ 1.422 trillion from $ 1.303 trillion a year earlier.
Overall,
consumer debt was down to $ 794 billion, as illustrated in the graphic. This decrease
continues what has been a steady decline in card balances. Beginning in September 2008, card balances have gone down nearly every month. Balances did rise in December 2010, but... Read More
If European policy makers
continue to make strong and decisive strides to solve their
debt issues, I see investor confidence strengthening along with
overall consumer confidence.
While
overall consumer debt rose unexpectedly in January 2010,
consumers continued to pay off their credit cards that month — a record 16th straight month of lower credit card
debt — with such
debt dropping about $ 1.7 billion to $ 864.4 billion, according to the Federal Reserve.