Home > Tag Archives: Debt Relief Trends (page 6)

Tag Archives: Debt Relief Trends

Credit Counseling Requests Way Down. Funding Cut.

Ready to Collapse

A couple of articles today painted an interesting picture of the challenges credit counselors are facing and the declining demand for their services. According to the National Foundation for Credit Counseling (NFCC), the number of consumers seeking help has dropped twenty percent from 2009 to 2010. This has NFCC scratching their head especially when the CARD Act required lenders to ... Read More »

    Bad Debt Buyers Dealing With Shrinking Supply of Debt to Buy

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    Another reinforcement to the unfortunate trend of negative signs that are impacting the demand for debt relief services has emerged. According to Collections & Credit Risk, bad debt buyers are finding it harder to purchase debt as the supply of bad debt shrinks. A more limited supply is driving up costs for debt buyers just as shrinking levels on consumer ... Read More »

      Credit Card Delinquencies Move Downward to Levels Not Seen Since 1996

      TU Delinquencies

      TraunsUnion has just released their latest report on credit card delinquencies. The lower the level of delinquencies, the lower the level for debt relief services since the vast majority of debt relief inquiries are stimulated by delinquent account holders. In a recent article, here, some in the debt relief community felt that the level of delinquencies was erroneous and not ... Read More »

        Decline in Open Credit Card Accounts Helps to Show Why There is a Reduced Demand for Debt Relief Services

        Open Accounts

        A reader and tipster (send in your tips here) sent in a link that led me to the most recent Federal Reserve Bank of New York report showing the number of open credit card accounts. These are the types of accounts that are most addressed by debt relief providers. The data seems to support the statement made to me recently ... Read More »

          Moody’s Releases News on Debt Relief Customer Pool

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          I would love t be a blind cheerleader for the legitimate players in the debt relief world that are helping consumers and doing it the right way. The news remains worrisome though. And when I have good news to report on the forecast for debt relief services you better believe I will share it with you. In the past few ... Read More »

            Bankruptcy Filings Up Slightly. Still No Positive Signs for Debt Relief Providers.

            bk filings

            Bankruptcy filings for the 12-month period ending March 31, 2011, rose 2.6 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2010, according to statistics released today by the Administrative Office of the U.S. Courts. March 2011 bankruptcy filings totaled 1,571,183, with 1,531,997 bankruptcy cases filed in the 12-month period ending March 31, 2010. Business and ... Read More »

              Consumer Demand for Credit is Historically Low

              Ready to Collapse

              Just today TransUnion has release new numbers that address the underlying issue in my recent articles on debt relief demand trends. TransUnion is reporting that their Credit Risk Index (CRI) has gone down for five straight quarters which indicates that consumers are more likely to repay their debt. They are also reporting that consumer demand for credit is declining as ... Read More »

                Credit Counseling Service Demand Down, Hard. Hold On.

                Credit Counseling Search

                I’m going to start off this article with a disclaimer. Over the past few months I’ve been basically getting the shit kicked out of me every time I point to evidence that the debt relief space is in trouble for a decreasing demand from consumers. See the comments on these articles, here, here, and here. I’ve also taken flak for ... Read More »

                  Latest Search Data Still Shows Falling Demand for Debt Relief Services

                  Debt Settlement Search April 2011

                  A look at updated search trend data still is showing an across the board decrease in consumer generated searches for debt relief services. This post will show both historical and twelve months charts. Debt Settlement Credit Counseling Debt Consolidation Unfortunately the consumer demand for debt relief services, as gauged by proactive consumer searching continues to reflect a continued downward trend. ... Read More »

                    Federal Reserve Data Points Out Less Need for Debt Relief Providers

                    Fed DSR Final

                    In a couple of recent articles, here and here, I talked about the declining demand for debt relief services, al all types, when looking at search traffic data. Demand for debt relief services is created when lenders extend and consumers get overloaded and need to seek a remedy for the growing burden of debt. If lenders don’t extend credit there ... Read More »

                      Debt Relief Search Trends Continue to Show a Downward Decline

                      Debt Settlement Trends

                      Recently I wrote about my forecast for a decreasing demand for debt relief services. Here is another part of the puzzle that seems to show decreasing consumer interest in some specific debt relief topics using the Google trends search traffic monitoring tool. The data was filtered for U.S. searches only and as you can see, there are noticeable declines in ... Read More »

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