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Tag Archives: Debt Relief Forecasts

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 and showing a slow loading of the future pipeline for debt relief help with balances expected to increase and more sub-prime cards being ... Read More »

    Bankruptcy Filings Down in 2012. Continued Bad News for Debt Relief Industry.

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    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 non-business bankruptcy filings for the same year-on-year period ending September 30 has significantly dropped. Chapter 7 bankruptcy filling dropped from 1,036,950 to 874,337. ... Read More »

      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, it’s not as if that was some grand American consumer awakening. No, that was the result of poor economic times and a lack ... Read More »

        Consumer Debt Default Rates Continue Downward Decline

        Ready to Collapse

        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 in default rates, including the national composite’s ninth consecutive monthly decline. Four of the five loan types posted their lowest rate since the ... Read More »

          July, 2012 Debt Levels Ugly for Debt Relief Industry. Tea Leaves Telling Story.

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          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 for debt relief services. Let’s not forget that as long as consumer debt drops, the level of debt person drops exponentially as the ... Read More »

            Revolving Debt Falls Again in July. Increasing Obligations a Major Concern.

            Non-Revolving Consumer Debt 199-2011

            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 the concern in the debt relief industry is that declining unsecured consumer debt means the likelihood of a slower demand for debt relief ... Read More »

              Credit Card Data Out. Good News, Bad News for Debt Relief Providers

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              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 are down. That should quiet demand for debt relief services for at least the next year. The national credit card delinquency rate (the ... Read More »

                Consumers Pull Back on Revolving Credit in June

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                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 from $868.3 billion to $864.6 billion. The biggest pullback in issuance of revolving consumer credit came from depository institutions. Credit unions picked up ... Read More »

                  Bankruptcy Filings Drop Again. Not Good News for Debt Relief Industry

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                  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 counseling. Data out just today shows a 14 percent drop in bankruptcy filings for the 12 month period ending June 30, 2012. For ... Read More »

                    You’re Getting Poorer. Why Debt is the Least of Your Concerns.

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                    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 for less debt help these days. It seems they are financially down and out like they haven’t been in a couple of decades. ... Read More »

                      New Government Figures Show Unsecured Debt Dropping

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                      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 increased at an annual rate of 7 percent. This is not good news for debt relief providers that typically only address unsecured debt ... Read More »

                        Credit Card Delinquency Rates Continue Decline

                        Ready to Collapse

                        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% from last quarters 0.78%. In addition the average credit card debt per borrower decreased by $242 to $4,962. While total credit card originations ... Read More »

                          Unsecured Consumer Debt Still Dropping

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                          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 today is now lower than 2010 levels. Consumer credit increased at an annual rate of 4-1/4 percent in February. Revolving credit declined at ... Read More »

                            Slow Spring Predicted for Debt Relief 2012

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                            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 me. This time of year has always had a decreased demand for debt relief services. My best guess has always been that many ... Read More »

                              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 percent decrease from the $11.66 trillion reported in the prior quarter’s findings. The report also revealed further declines in real estate debt and ... Read More »

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