Credit card debt hits new record, raising warning sign! » Mortgage Masters Group

Another quarter has passed with household debt hitting a fresh record. Household debt hit a new record 167.3 percent of disposable income in the fourth quarter of 2016. That’s up from 166.8 percent in the previous quarter. In simple terms, that means on average for every dollar of disposable income canadians earn, they owe $1.67 of debt.

Americans’ outstanding credit-card debt hit a record in November, highlighting a more confident U.S. consumer but also flashing a warning signal of potential trouble down the road. revolving credit, mostly credit cards, increased by $11.2 billion to $1.023 trillion, the Federal Reserve said Monday .

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 · The U.S. junk-bond market may be flashing a new warning that the credit cycle is nearing its end. About $52.5 billion of corporate bonds issued by U.S. companies with “junk” credit ratings.

Credit card debt hits new record, raising warning sign! The record, reached in November, shows a more confident consumer but raises concerns. Source: Credit card debt hits new record, raising warning sign. Posted by Mortgage Masters Group at. Mortgage Masters Group NMLS Branch ID#: 373290.

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Geithner Sees “Economic Improvement” As Mortgage Delinquencies Hit All Time High Home Price Index Map Geithner Sees "Economic Improvement" As mortgage delinquencies hit All Time High The U.S. economy continues to struggle with high unemployment, only moderate jobs growth, and an oppressive level of government spending and regulation, but Yesterday’s index reading is the best we have seen in four and a half years. This.

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The BoE has said it is increasingly worried about the growth of consumer credit – car loans, personal loans and credit card debt – which has been rising at annual rates well above 10 per cent.

Americans’ credit card debt hit all-time high levels in the third quarter, eclipsing the prior peaks set before the Great Recession in 2008 and in the final quarter of 2016. Consumers racked up $757 billion in credit card debt in the third quarter, according to Experian data .

The new year is the perfect time to hit "refresh" on your finances. credit accounts. While family members often co-sign for loans or credit cards to help each other out, doing so can have.