Sentences with phrase «pile on consumer debt»

Not exact matches

The Bank of Canada, for one, has carefully assessed the economic risks of consumer debt in order to determine how quickly it can raise interest rates without piling on too many debt - servicing costs for over-stretched households.

Of course, a return to normal levels of business engagement would be welcome after years of relying on consumers piling on debt to power the economy.

Unfortunately, many consumers can't help but pile on the debt.

Debt can be hard to crawl out of, especially when payments on credit cards, consumer loans and student loans continue to pile up on top of your living expenses.

This week's rise in the Federal funds rate will pile an additional $ 409 million in debt onto the balances of consumers in 200 U.S. cities hold on their credit cards, according to a ValuePenguin analysis.

The NCLC concluded that debt settlement companies use «a business model that is inherently harmful to consumers» because consumers are required to pay high fees for debt settlement programs that they are unable to complete, resulting in increased collection efforts and growing debts while their creditors continue to pile on fees and interest accrues.

Both Governor Carney and Finance Minister Flaherty have expressed concern at the level of consumer debt Canadians have been piling on during the recession.

Baby boomers pile on slightly more debt Most credit card holders are keeping their credit card balances relatively low, giving lenders even more confidence about consumers» ability to repay what they've already borrowed.