Credit in the News

[omskillet]

Cool chart in this article. It shows that we're back to pre "credit crisis" levels of consumer debt. Interesting note in here that over all deliquencies are falling per quarter. I swear its because there is so much more info out there for "normal" people on how to effectively use debt.

Also, this site is awesome if you're obsessed with finance. Something I could never say before 2 years ago.

http://www.thefiscaltimes.com/Blogs/Chart-of-the-Day/2012/07/10/Charge-It-Credit-Card-Debt-Jumps.asp...

[drkaje]

My guess is default rates are down because more people have accepted the bitter reality of how much we depend on credit.

Debt increasing doesn't surprise me. Probably means people's personal economies haven't grown much in the past 5 years.

[FrugalRican]

And Leon's getting laaaaaaaaaaaaaaaaaaaaaaaaaaarger.

Not surprising.

Not too many lessons were learned in 2008. I see it all too frequently, and believe it or not, even on these forums.

For many, a "rebound" also meant a license to spend again.

[drkaje]

I can't let an "Airplane!" reference go unappreciated.

[algorithmslave]

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FrugalRican wrote:

And Leon's getting laaaaaaaaaaaaaaaaaaaaaaaaaaarger.

Not surprising.

Not too many lessons were learned in 2008. I see it all too frequently, and believe it or not, even on these forums.

For many, a "rebound" also meant a license to spend again.

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Thanks for the website. I enjoyed your story!