Tag Archives: consumer credit

Consumer Borrowing Falls Three Months in a Row

“Consumer credit falls more than expected in Dec.“, reports that as of December 2008, consumers have borrowed less for three months in a row than anytime in the last 17 years. Why? Probably because banks and other lenders have a vapor lock on lending. It’s not that massive numbers of consumers have suddenly seen the …

February 13, 2009 – 9:29 pm | By rick | Posted in Debt Statistics | Tagged | Comments (0)