The Federal Reserve's consumer credit report for January 2012 shows a 8.6% monthly increase in consumer credit. Revolving credit decreased, -4.4%, and nonrevolving credit surged 14.7%. The Credit Kraken is clearly on a rampage, for the third month is a row, mainly on the backs of people going to school.
The Federal Reserve's consumer credit report for December 2011 shows a 9.3% monthly increase in consumer credit. Revolving credit increased 4.1%, and nonrevolving credit increased 11.8%. The Credit Kraken is clearly on a rampage, for the second month is a row.
The Federal Reserve's consumer credit report for November 2011 shows a 9.9% monthly increase in consumer credit. Revolving credit increased 8.5%, and nonrevolving credit increased 10.7%. Seems the financial sector said release the Credit Kraken!
The Federal Reserve's consumer credit report for October 2011 shows a 3.7% increase in consumer credit. Revolving credit increased 0.6%, and nonrevolving credit increased 5.3%.
The American Banker's Association released their Q2 2011 consumer loan delinquency statistics. A delinquency is a loan payment that is 30 days or longer late. No surprise, people late on payments or defaulting increased for Q2 2011.
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