Want to See Why Debt Relief is Dying Right Now?

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.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


Damon Day - Pro Debt Coach

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

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2 thoughts on “Want to See Why Debt Relief is Dying Right Now?”

  1. REMEMBER : Bankruptcy before bullsh*t!

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

    Reply
  2. 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.

    Reply

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