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How may consumer debt be said to have proliferated since the 1990s?
Wiki User
∙ 13y ago
Between 2001 and 2002, credit card debt grew 8.5 percent, and since 1997, credit card debt has grown 36 percent.
Wiki User
∙ 13y ago
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What is the fine line difference between commercial debt and consumer debt?
Consumer debt is governed by the FDCPA....commercial debt is not.
What is consumer dept?
Consumer debt is the debt (money owed) by people as opposed to the debt of institutions, governments or businesses
Where can one get consumer debt counseling?
There are numerous companies that provide consumer debt counseling. Some are free while others are not. You could start by looking through your phone book for local consumer debt counseling businesses in your area.
What is consumer debt?
Basically they it is a debt related to businesses or other non-personal matter rather than consumer debt which pertains to home, family, personal expenditures, etc.
What is considered non-consumer debt?
Basically they it is a debt related to businesses or other non-personal matter rather than consumer debt which pertains to home, family, personal expenditures, etc.
Where can one get advice on consumer debt management?
There are several places one can get advice on consumers debt management. These websites include Consumer FTC, Debt Elimination USA, and Money Management Org.
What is the average consumer credit card debt?
The average consumer credit card debt is $15216 in the US. The average household owes $7,098 from on their cards. In total the US is owed $11.19 trillion in debt.
What is the function of a consumer proposal?
A consumer proposal is used in an attempt to negotiate a better rate for a consumer loan. Some companies that provide this service include Clear Debt Solutions and Markham Debt Repair.
What are some legitimate companies that offer consumer debt solutions?
A legitimate company that offers consumer debt would be the Greenpath Organization. They strive to help customers pay off their debt and maintain balanced budgets.
What role do interest rates lay in mounting consumer debt?
High interest rates play a role in mounting consumer debt. When interest rates are high, more of a person's payment is being applied to interest versus principal. Because of this, it takes the consumer longer to payoff their debt.
What types of advice do consumer debt services provide?
Consumer debt services provide advice on how to deal with debt that is becoming a problem. These advice services can sometimes intercede with lenders and help negotiate lower repayment amounts.
What information is on the Consumer Debt Solutions site?
The information on the Consumer Debt Solutions website is designed to help people who have problems with their debts. They offer to assist people by consolidating their debts.
