Debt Relief Industry Forecasts and Trends

Want to See Why Debt Relief is Dying Right Now?

Written by Steve Rhode

For years now I’ve been warning debt relief companies to expect less demand for services until consumers began to load up on credit again.

The pipeline of unsecured debt being issued is really dry and the vast majority of consumers who needed help have already worked their way through the pipeline.

But this information out today in Zero Hedge will make any debt relief company want to barf.

They say, “But perhaps the chart that puts it all in perspective, is the following, which shows the breakdown of total credit issued in the past year broken down between revolving (credit cards) and non-revolving (car and student loans). The latter amounts for 99% of all loans taken out in the past 12 months. It needs no additional commentary.”

Car Student Loans Oct

I agree, I think it needs no additional commentary.

You can read the full post here.


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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

2 Comments

  • REMEMBER : Bankruptcy before bullsh*t!

    Dump your debt back on society before even considering these scumbags and their bogus product!

  • And now we get to watch all these debt settlement scammers rush into selling student loan relief and bilking those consumers for thousands of dollars in worthless fees.

    They never go away, just move on to the next group of people to take advantage of.

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