Current News Articles-
Consumer debt falls $3.6B in July -Thu, 09 Sep 2010
Consumer borrowing in the U.S. declined for a sixth-straight month in July, indicating Americans are reluctant to take on more debt without faster job growth. The $3.6-billion decrease followed a revised $1-billion drop in June that was less than initially estimated, the Federal Reserve said Wednesday in Washington.
Consumer Credit Falls $3.63B in July -Wed, 08 Sep 2010
Total U.S. consumer credit outstanding declined for a sixth straight month in July as households concentrated on reducing their debt load amid an uncertain economic outlook.
Consumer borrowing falls again as households cut back -Wed, 08 Sep 2010
Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound. Americans did boost borrowing for auto loans in July but this gain was offset by further reductions in the category that includes credit cards. Households are borrowing less and saving more and that has acted ...
Consumer Credit Declines in July -Wed, 08 Sep 2010
In July, total consumer credit decreased at an annual rate of 1-3/4 percent. Revolving credit decreased at an annual rate of 6-1/4 percent, and nonrevolving credit increased at an annual rate of 1/2 percent.
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