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  • Consumer debt statistics may be higher than expected
  • October 15, 2010
  • A large amount of data has been released recently indicating Americans are reducing their debt, increasing their savings and improving their overall finances. Credit card delinquency rates reports released by lenders have corroborated most of this evidence, citing a steady decline in the number of Americans defaulting on their outstanding balances. However, a new analysis of consumer debt reveals the true U.S. consumer debt figures may be higher than previously thought.

  • View more at: http://www.credit.com/news/credit-debt/2010-10-14/consumer-debt-statistics-may-be-higher-than-expected.html