Happy Days for Lenders

Consumer Installment Credit Statistics

Time for a change of pace. Here is a recent government report with a boatload of statistics. It's all about consumer credit -- that is, money that people owe for things other than houses.

These debts all need to be repaid, and meanwhile finance companies are pulling in a lot of interest payments from the loans, which total well over a trillion dollars.

Of course, we've had seven years of prosperity since the last recession, so there's no doubt that all debts will be settled, right? But last year set a record for the number of personal bankruptcies filed! This year may break that record.

So have a look at the numbers and see what they say to you.

Just click here.

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