One of the types of debt consumers will sometimes hold is credit card debt. Struggles with credit card debt can have many impacts on a consumer.
In previous posts, we have discussed how the U.S. experienced fairly aggressive growth in consumer credit in the three-month period between November 2011 and January 2012. Some debt-related statistics that were recently reported on by Reuters indicate that this aggressive growth may now be slowing.
Struggles with debt (such as medical debt) can have many impacts on a person's life. A recent survey indicates that struggles with medical debt are something that many people in the U.S. are facing.
Last week, we talked about some statistics regarding the U.S. credit card delinquency rate. Today, will we be discussing some statistics regarding the delinquency rate of another type of debt consumers sometimes hold, mortgage debt.
Credit card debt struggles can be very impactful on consumers. Recently, the Wall Street Journal reported on some statistics regarding credit card debt. The statistics regard the credit card delinquency rate (the percentage of borrowers who are 90 days or more past due on their credit card payments) in the U.S. in 2011's fourth quarter and are from TransUnion (a credit reporting agency).
In a post last month, we talked about how the U.S. saw a large increase in consumer credit in November. Debt-related statistics that were recently reported on by Reuters indicate that the U.S. saw another significant rise in consumer credit in December.
Struggles with debt can have major impacts on consumers. Recently, the Wall Street Journal reported on some debt-related statistics. The statistics are from a survey by Standard & Poor's Indices and Experian and they regard consumer default rates in the U.S. in December of 2011.
No consumer should have to face wrongful harassment at the hands of debt collectors. Such wrongful debt collection conduct can be extremely harmful to a consumer. Thus, it is very important for debt collectors to make sure to only engage in proper conduct when making efforts to collect on debts and to not wrongfully harass consumers.
Some statistics that were recently reported on by CNN Money indicate that the U.S. saw some interesting debt-related trends in 2011. The statistics are from CreditKarma and they regard the U.S. consumer debt averages for certain types of debt in 2011.
Public figures, like everyone else, are not immune from financial troubles. Leigh Steinberg, the high-profile sports agent who is the inspiration for the blockbuster "Jerry Maguire," recently filed for Chapter 7 bankruptcy protection. Steinberg cites his battle with alcoholism and legal issues as factors contributing to his financial woes.