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Tag Archives: Debt Relief Forecast

Car Loan Delinquency Rates Drop for Seventh Consecutive Quarter to Historic Low

Auto Loan Delinquency Rates

The national auto delinquency rate (the rate of borrowers 60 or more days past due) decreased for the seventh consecutive quarter, dropping to 0.44% at the end of the second quarter in 2011. This is according to TransUnion and its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgage, credit cards ... Read More »

Consumer Confidence Reaches 30 Year Low

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So here is a summary, consumer confidence/sentiment has plummeted and is the toilet at a 30 year low. According to survey data released by Thomson Reuters and the University of Michigan, the mood of the nation’s consumers in August was abysmal, raising concerns about any prospect of an economic turnaround. “Never before in the history of the surveys have so ... Read More »

Continued Concern for Debt Relief Demand

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The downgrading of the U.S. credit rating by Standard & Poor’s this week from AAA to AA+ might feel like an event that only has an impact on those that watch the economy. But it’s impact on the debt relief industry can’t be overlooked either. In order to have a successful debt relief industry you need two components, consumers with ... Read More »

New Data Shows People Aggressively Paying Off Debt and Using Cards Less

Less consumer borrowing leads to less debt relief demand.

TransUnion has released new data that indicates consumers made $72 billion more in payments on their credit cards than purchases between the first quarters of 2009 and 2010. The reason this is newsworthy is because this occurred during a time when it was believed lower credit card debt was being driven primarily by credit card charge offs. “Many people in ... Read More »

Credit Card Charge Off Rates Continue to Fall

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Story out in Collections & Credit Risk is reporting the average consumer credit card default rate has continued it;s decline for most large issuers in May, according to Moody’s Investors Services. All of the top six credit card issuers except JPMorgan Chase & Co. on June 15 reported fewer accounts deemed uncollectible during May, and Chase’s increase was so slight ... Read More »

Bad Debt Buyers Dealing With Shrinking Supply of Debt to Buy

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Another reinforcement to the unfortunate trend of negative signs that are impacting the demand for debt relief services has emerged. According to Collections & Credit Risk, bad debt buyers are finding it harder to purchase debt as the supply of bad debt shrinks. A more limited supply is driving up costs for debt buyers just as shrinking levels on consumer ... Read More »

Credit Card Delinquencies Move Downward to Levels Not Seen Since 1996

TU Delinquencies

TraunsUnion has just released their latest report on credit card delinquencies. The lower the level of delinquencies, the lower the level for debt relief services since the vast majority of debt relief inquiries are stimulated by delinquent account holders. In a recent article, here, some in the debt relief community felt that the level of delinquencies was erroneous and not ... Read More »

Decline in Open Credit Card Accounts Helps to Show Why There is a Reduced Demand for Debt Relief Services

Open Accounts

A reader and tipster (send in your tips here) sent in a link that led me to the most recent Federal Reserve Bank of New York report showing the number of open credit card accounts. These are the types of accounts that are most addressed by debt relief providers. The data seems to support the statement made to me recently ... Read More »

Moody’s Releases News on Debt Relief Customer Pool

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I would love t be a blind cheerleader for the legitimate players in the debt relief world that are helping consumers and doing it the right way. The news remains worrisome though. And when I have good news to report on the forecast for debt relief services you better believe I will share it with you. In the past few ... Read More »

Consumer Demand for Credit is Historically Low

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Just today TransUnion has release new numbers that address the underlying issue in my recent articles on debt relief demand trends. TransUnion is reporting that their Credit Risk Index (CRI) has gone down for five straight quarters which indicates that consumers are more likely to repay their debt. They are also reporting that consumer demand for credit is declining as ... Read More »

Credit Counseling Service Demand Down, Hard. Hold On.

Credit Counseling Search

I’m going to start off this article with a disclaimer. Over the past few months I’ve been basically getting the shit kicked out of me every time I point to evidence that the debt relief space is in trouble for a decreasing demand from consumers. See the comments on these articles, here, here, and here. I’ve also taken flak for ... Read More »

Latest Search Data Still Shows Falling Demand for Debt Relief Services

Debt Settlement Search April 2011

A look at updated search trend data still is showing an across the board decrease in consumer generated searches for debt relief services. This post will show both historical and twelve months charts. Debt Settlement Credit Counseling Debt Consolidation Unfortunately the consumer demand for debt relief services, as gauged by proactive consumer searching continues to reflect a continued downward trend. ... Read More »

Federal Reserve Data Points Out Less Need for Debt Relief Providers

Fed DSR Final

In a couple of recent articles, here and here, I talked about the declining demand for debt relief services, al all types, when looking at search traffic data. Demand for debt relief services is created when lenders extend and consumers get overloaded and need to seek a remedy for the growing burden of debt. If lenders don’t extend credit there ... Read More »

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