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Tag Archives: Debt Relief Forecasts

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 »

    Debt Collection Industry Sees Compliance and Customer Service as Key in 2012

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    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 to moving forward? In fact in my latest article on this subject I was talking about how critical these issues are for the ... Read More »

      How Can Credit Counseling Survive These Numbers?

      Credit Counseling Demand

      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 see a big post holiday season spike in consumer interest in credit counseling. But we didn’t see on last year and as of ... Read More »

        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 13 bankruptcy have increased to about 30% of all consumer bankruptcy filings. This is the result of a decrease in Chapter 7 bankruptcy ... Read More »

          Consumer Debt Up in October But More Behind the Numbers

          Ready to Collapse

          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 we look at the revolving consumer debt numbers, the increase was dues to increases in finance companies, and pools of securitized assets. Non-revolving ... Read More »

            Debt Relief Companies – Keep Watching Costs in 2012

            TU2012 Projections

            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, 2012 is looking like more of 2011 when it comes to debt relief industry volume. Additionally, my forecast is that debt relief companies ... Read More »

              Credit Card Volume Shows Some Life

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              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 quarter, and durables spending, at 5.6%, have leapfrogged overall consumption growth. Cardholders have managed this without additional borrowing. The contraction in total credit ... Read More »

                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 big increase with both the holiday spending period upon us and employment remaining flat. Credit card delinquencies are currently at historic lows rates, ... Read More »

                  Federal Reserve Announces Revolving Consumer Debt Fell in September

                  Revolving Consumer Credit

                  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 September, consumer credit increased at an annual rate of 3-1/2 percent. The increase of non-revolving consumer debt is linked to auto and student ... Read More »

                    Debt Relief Demand Continues to Drop. Bankruptcy Filings Slow.

                    Quarterly Bankruptcy Figures

                    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 me it’s just further evidence the pipeline for debt relief help is draining and without a new influx of credit issued to consumers ... Read More »

                      Debt Relief Industry Recovery Postponed Again. Consumer Confidence, Sucks!

                      Consumer Credit Counseling Trend

                      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. Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer confidence is now back to levels last seen during the 2008-2009 ... Read More »

                        Why is Credit Counseling Stumped Demand is Down?

                        Ready to Collapse

                        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 that nonprofit consumer credit counselors saw in 2009 appear to be slowly falling. NFCC member agencies in the Ninth District began to see ... Read More »

                          Credit Card Balances Continue to Drop in August

                          Ready to Collapse

                          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 cards are packaged and sold. August’s 40.3 billion is anemic and is not a good indicator that banks can initiate and move larger ... Read More »

                            Bankcard Issuance High But Still Not Good Sign for Debt Relief Industry

                            PRMIA Survey

                            Just like the economy, credit card issuers are sending mixed signals about consumer debt. I wanted to share my opinions and read the tea leaves this month. Equifax is reporting credit cards are being issued at a faster rate this year. “More than 18 million new bankcards have been originated between January-June 2011. While this total represents a 3-year high ... Read More »

                              Consumers Doing Much Better Paying On Time. 17 Year Low.

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                              New data out from TransUnion shows that consumers are doing a great job of bringing their finances back into good shape. For the sixth consecutive quarter, the credit card delinquency rate has dropped. The number of consumers that were 90 days or more delinquent has now dropped to a 17 year low and credit card debt per borrower is hovering ... Read More »

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