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Debt Relief Forecasts

  • Finally – Signs of Improvement in Debt Relief Industry Business Prospects

    For years now I’ve been writing about debt relief forecasts and trends pointing at a decline in the need for debt relief services. Those predictions all came true. But for the first time I’m seeing signs that...

    • Posted December 14, 2016
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  • Debt Relief Companies Continue to Get Squeezed by Lending

    Recent data out in the Federal Reserve Bank of New York report, Quarterly Report on Household Debt and Credit, contains a stark graph that shows why the demand for traditional debt relief service niches has not been...

    • Posted November 30, 2016
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  • Consumers’ Credit Market Experiences and Expectations Deteriorate

    The Federal Reserve Bank of New York today released results from its October 2016 Survey of Consumer Expectations (SCE) Credit Access Survey, which provides information on consumers’ experiences and expectations regarding credit demand and credit access. The...

    • Posted November 18, 2016
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  • Bankruptcy Filings Still Showing Slowing of Debt Relief Demand

    Data out today from the U.S. Courts shows that while the number of bankruptcy cases is still dropping, the decline is slowing. Bankruptcy filings are the canary in the coal mine when it comes to debt relief...

    • Posted October 26, 2016
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  • New York Fed Data Projects More of Same for Debt Relief Companies

    New data out of the New York Federal Reserve shows debt relief companies, like credit counseling, debt settlement, and bankruptcy providers should expect to see demand remain at current levels based on historical data. The Fed found:...

    • Posted October 24, 2016
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  • Things Looking Slowly More Possibly Potentially Hopeful for Debt Relief Industry

    The following is going to be one of my wonky articles that is geared towards anyone who is interested in consumer debt, credit cards, and the debt relief industry. If that’s not your cup of tea, you’ll...

    • Posted August 9, 2016
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  • A Look at Debt Relief Opportunities and Trends in May, 2016

    It’s been quite some time since I wrote a debt relief industry forecast and trend article. These articles have not been all that popular because most of the people are in denial about the reality I see....

    • Posted May 11, 2016
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  • The Death of the Traditional Debt Relief Industry for Now

    Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services. Some...

    • Posted November 16, 2015
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  • Potential Good News for Debt Relief Companies. Balances Increasing.

    For debt relief companies who have been suffering from a lack of consumer demand, there is news out today that indicates demand might be increasing in the near-term. TransUnion says “total outstanding credit card balances increased 5%...

    • Posted February 23, 2015
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  • Pay Off Debt A Growing Canadian and U.S. Concern

    According to a HuffPo article, it seems our friends in Canada are beginning to worry a bit more about their personal debt levels. Data by Google shows the search term Pay Off Debt has been trending for...

    • Posted January 27, 2015
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  • 2014 Projections Show a Bad Year for Debt Relief Companies

    TransUnion is out with data on 2014 delinquency projections. They are showing both flat delinquencies in mortgage and credit card areas. This is bad news for debt relief companies who are looking for increased demand of the...

    • Posted December 12, 2013
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  • 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...

    • Posted November 7, 2013
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  • July 2013 Senior Loan Officer Survey Shows Flat Line for Debt Relief

    As an indication of future demand for debt relief services, a good place to look for clues is the Federal Reserve report on senior loan officer plans. The July 2013 survey is just out but paints a...

    • Posted August 6, 2013
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  • Consumer Credit Card Delinquencies Fall to Lowest Level Since 1990

    Consumer delinquencies declined significantly in this year’s first quarter, falling in 11 out of 13 loan categories as consumers more carefully manage their finances, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. The...

    • Posted July 9, 2013
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  • Federal Reserve Data Out Yesterday Still Shows Student Loan Concerns

    Yesterday the Federal Reserve released the latest data on consumer borrowing. It’s been interesting watching all the media reports about what it means. Some say the big percentage rise in revolving debt is an indication about consumer...

    • Posted July 9, 2013
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  • FTC-CFPB Debt Collection Roundtable Suggestions Could Kick Credit Counseling and Debt Settlement in the Nuts

    This past week the FTC and CFPB held a joint roundtable meeting where they brought together debt collection industry participants to talk about reforms in the debt collection space. A most interesting fact came out of the...

    • Posted June 8, 2013
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  • June, 2013 G19 Release Shows Little Movement for Debt Relief Industry

    The latest G19 report is out from the Federal Reserve. Typically the debt relief industry is most interested or able to deal with revolving debt such as credit cards. The April, 2013 data just released shows revolving...

    • Posted June 8, 2013
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  • Consumers Defaulting Less on Debt Says New Data

    New data out from S*P and Experian says consumers are doing a better job paying their bills. The national composite of consumer defaults hit its post-recession low of 1.42% in April, down from 1.50% in March. The...

    • Posted May 21, 2013
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  • Banks Talk About Easing Lending – May, 2013

    The April 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices is just out and here is banks had to say about consumer lending. “Responses from domestic banks indicated that they are somewhat more willing to...

    • Posted May 7, 2013
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  • Have Consumers Really Learned a Lesson About Debt?

    A recent publication out from the Federal Reserve appears to indicate consumers have learned to cut back on debt, at least for now. The reduction might be to a number of events and not just the sudden...

    • Posted May 3, 2013
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  • Less Need for Debt Relief Companies Shown in Census Data

    The U.S. Census Bureau released data recently which should be of concern for debt relief companies, except possibly bankruptcy attorneys. While the amount of debt is rising for consumers the makeup of that debt is changing significantly....

    • Posted March 24, 2013
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  • 2013 Outlook for Credit Counseling: A Legal and Regulatory Perspective

    As the start of 2013 is upon us, nonprofit credit counseling agencies will be trying to anticipate the needs of their communities, by knowing what to expect in the New Year. We don’t have a magic eight...

    • Posted January 16, 2013
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  • Demand for Debt Relief Help Sinks & Stinks. Lowest Levels Since 1994.

    Consumer delinquencies continued to decline in the third quarter of 2012, with bank card delinquencies falling to an 18-year low as consumers strengthen their financial base amid economic uncertainty, according to results from the American Bankers Association’s...

    • Posted January 8, 2013
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  • Demand for Debt Help Expected to Remain at Current Levels Through 2013

    TransUnion is has released their forward looking statement on credit card delinquencies. If their analysis holds, demand for debt relief services should remain at current levels with no jump in sight. Although the forecasts are trending upwards...

    • Posted December 12, 2012
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  • Bankruptcy Filings Down in 2012. Continued Bad News for Debt Relief Industry.

    The latest statistics out from the United States Courts show that bankruptcy filings are dropping. That’s good news for consumers and bad news for companies that sell debt relief services. According to filing data, the number of...

    • Posted November 7, 2012
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  • The Myth: American’s Have Learned to Avoid Debt

    So much of what you hear about the recent economic trends of people learning grand lessons about avoiding debt, are just not true. While the level of unsecured consumer debt has decreased over these past four years,...

    • Posted October 29, 2012
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  • Consumer Debt Default Rates Continue Downward Decline

    Data through September 2012, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed that most loan types saw a decrease...

    • Posted October 16, 2012
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  • July, 2012 Debt Levels Ugly for Debt Relief Industry. Tea Leaves Telling Story.

    The Board of Governors of the Federal Reserve System announced that in July, 2012 the amount of revolving consumer debt contracted by 6.75 percent. This marks another decline in the levels of consumer debt and less demand...

    • Posted October 2, 2012
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  • Revolving Debt Falls Again in July. Increasing Obligations a Major Concern.

    The latest Federal Reserve report out shows revolving credit card debt fell for the second straight month. In July, 2012 the amount of revolving debt consumers carry declined by 6.8 percent or about $5 billion. Of course...

    • Posted September 10, 2012
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  • Credit Card Data Out. Good News, Bad News for Debt Relief Providers

    TransUnion has release the latest credit card data which has both longer term good news and short term bad news for the debt relief industry. Let’s get the bad news out of the way, credit card delinquencies...

    • Posted August 14, 2012
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  • Consumers Pull Back on Revolving Credit in June

    New Federal Reserve data out shows consumers decreased revolving credit debt by 5.1 percent in June 2012. However, non-revolving debt, that has student loans as a component, rose by 3 percent. Overall, outstanding revolving consumer credit dropped...

    • Posted August 7, 2012
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  • Bankruptcy Filings Drop Again. Not Good News for Debt Relief Industry

    Bankruptcy filings have been a good indication of the overall consumer demand or need for debt relief services. As bankruptcy demand declines, so does the demand for other debt relief options such as debt settlement, and credit...

    • Posted August 3, 2012
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  • You’re Getting Poorer. Why Debt is the Least of Your Concerns.

    New government data out from the Federal Reserve in their triannual survey of American families paints a bleak and dark picture of the state of finances of all of us. It’s no wonder why people are looking...

    • Posted June 12, 2012
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  • New Government Figures Show Unsecured Debt Dropping

    The latest Federal Reserve statistics are out for April, 2012 which show consumer credit increased at an annual rate of 3 percent in April. Revolving credit decreased at an annual rate of 4-3/4 percent, while nonrevolving credit...

    • Posted June 8, 2012
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  • Credit Card Delinquency Rates Continue Decline

    What spells good news for American consumers, spells more bad news for the debt relief industry. According to TransUnion, the national credit card delinquency rate for people more than 90 days past due has dropped to 0.73%...

    • Posted May 16, 2012
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  • Unsecured Consumer Debt Still Dropping

    The latest consumer credit data has been released and as forecasted, the levels of unsecured credit card debt are still dropping. In fact if you factor in inflation, the amount of revolving consumer debt consumers are carrying...

    • Posted April 9, 2012
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  • Slow Spring Predicted for Debt Relief 2012

    With the clocks just adjusted for spring it’s a good time to remind all of those in the debt relief space that the traditional spring slowdown is upon us., or at least it feels like that to...

    • Posted March 12, 2012
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  • Consumer Delinquent Debt Falls in Q4 2011 But Slows. See Detailed Charts.

    The Federal Reserve Bank of New York has just released their latest study on household debt and credit. Aggregate consumer debt fell $126 billion to $11.53 trillion in the fourth quarter of 2011. This represents a 1.1...

    • Posted February 27, 2012
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  • Debt Collection Industry Sees Compliance and Customer Service as Key in 2012

    I need to vent for a moment. Have I not been saying now for some time now that in the debt relief industry both compliance to rules and regulations, along with exceptional customer service is the key...

    • Posted February 23, 2012
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  • How Can Credit Counseling Survive These Numbers?

    A reader asked me to take another look at trending in the credit counseling industry. Shocking sight. I’m afraid things are not looking up. If the trend of years past was still relevant we would expect to...

    • Posted January 30, 2012
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  • Consumer Bankruptcy Filings Trend Downwards but Expect Early 2012 Spike

    Data out regarding recent bankruptcy filings is showing a continued downward trend as more consumers have dealt with their problem debt and the pipeline of new credit extensions remains unfilled. The percentage of cases under a Chapter...

    • Posted January 3, 2012
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  • Consumer Debt Up in October But More Behind the Numbers

    The November Federal Reserve G19 report is out with the latest reported G19 figures. The report indicates a 0.6 percent increase in revolving consumer debt and a 5.3 percent increase in non-revolving consumer debt in October. If...

    • Posted December 9, 2011
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  • Debt Relief Companies – Keep Watching Costs in 2012

    TransUnion has just come out with their 2012 projections on mortgage and foreclosure delinquencies for 2012. And while I would love to see the debt relief industry explode with new tools to help consumers and greater opportunities,...

    • Posted December 7, 2011
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  • Credit Card Volume Shows Some Life

    There is an excellent post by Harry Terris from Collections and Credit Risk about recent consumer spending trends you should read. Now, growth rates in credit card purchases, at 8.8% from the previous year in the third...

    • Posted November 21, 2011
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  • Credit Card Delinquencies Poised for an Increase

    In what I predict will be a good news, bad new trend for debt relief companies it now appears that we may be in early days of an increase in credit card delinquencies. This might be a...

    • Posted November 15, 2011
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  • Federal Reserve Announces Revolving Consumer Debt Fell in September

    According to the Federal Reserve, consumer credit increased at an annual rate of 1-1/2 percent in the third quarter. But revolving credit decreased at an annual rate of 3-1/4 percent, while non-revolving credit increased 3-3/4 percent. In...

    • Posted November 7, 2011
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  • Debt Relief Demand Continues to Drop. Bankruptcy Filings Slow.

    The latest bankruptcy filing numbers are out. Unfortunately they do not spell opportunity for current debt relief providers of any tax status. The decline in demand by consumers for intervention services has dropped across the board. For...

    • Posted November 7, 2011
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  • Debt Relief Industry Recovery Postponed Again. Consumer Confidence, Sucks!

    The latest consumer confidence numbers are out. It’s not good news. Apparently consumers are less confident now about the future than they’ve been in a while. The Consumer Confidence index dropped almost seven points from last month....

    • Posted October 25, 2011
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  • Why is Credit Counseling Stumped Demand is Down?

    Over the past couple of weeks I’ve noticed a wave of information appearing on the web about the decrease in demand for credit counseling services. The reason given seems to be “consumer fatigue.” The peak client numbers...

    • Posted October 21, 2011
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  • Credit Card Balances Continue to Drop in August

    Federal Reserve data just out shows consumer revolving and non-revolving debt continues to drop. August showed a 3.4 percent drop in revolving debt. More disconcerting was the reduction in the pools of securitized assets where issued credit...

    • Posted October 11, 2011
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