Consumer Credit Debt Buried Under Delinquency In Payments
June 3, 2008
With today’s economic landscape looking harsh, tardy debt payments are taking over the loan market in extreme proportions. According to the ABA, or American Bankers Association, the last fiscal quarter of 2007 had payments on credit cards, car loans, and even home equity loans slack off and fall behind farther than at any period of time over the past dozen years, resulting in several credit companies doubling their funds reserved for debts that have gone rotten. [Read more]
