Credit card debt hits new record, raising warning sign! » Mortgage Masters Group
US underwriting has been much, much better this cycle than last cycle and while total debt is back to peak levels (nominally), incomes in nominal terms are up 15-20% so the inflation adjusted debt still has a long ways to go before reaching pre-recession debt. My best guess is the next recession is 2-3 years from now and will be brief/shallow.
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Everything points to lower US.11 Reasons For Sale By Owner (FSBO) Is A terrible idea mortgage masters group Credit card debt hits new record, raising warning sign! mortgage masters group banks are cutting back on credit card lending because of concerns that the economy is deteriorating and workers’ ability to repay might be hit, new. debt.
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Credit card debt reached an all-time high of $786 billion at the end of 2017 as the average American’s credit card debt grew 3% last year, resulting in an average credit card balance of $6,354. Learn more about what this really means.
This was supposed to be the year the $3.7 trillion state and local debt market would. its dividend because of mortgage-related losses proved correct in 2008. Her recommendation to sell bank stocks.
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For cash-strapped homeowners, it was a pitch they couldn’t refuse: Refinance your mortgage. raise lending standards, as he did last year on credit cards, where super-low minimum payments made it.
Just 12 months ago, ‘Project Fear’ was in full swing with frontline Remainer, George Osborne, warning. While mortgage lending is down, unsecured credit is up. This is higher risk borrowing and it’s.