Consumer credit

RECENT NEWS
Sober Look  Oct 23  Comment 
Yes, everyone is talking about consumer deleveraging. It's a given. The US consumers are scared of job losses and foreclosures and they are using some of their income to pay down debt. The chart below shows total outstanding consumer credit that...
MarketWatch  Oct 15  Comment 
Citigroup Inc. Chief Executive Vikram Pandit during the firm's third-quarter conference call Thursday said Citi's credit costs "remain elevated and clearly U.S. consumer credit remains the No. 1 issue affecting our near-term results." Pandit said...
The Wikinvest Daily Angle  Oct 9  Comment 
Today’s Daily Angle comes from Wikinvest Wire member Edward Harrison of CreditWritedowns.com. You can read thefull article on Edward’s blog. The Federal Reserve has just released the most recent data on consumer credit. The data show...
Fund my Mutual Fund  Oct 8  Comment 
On the back of last month's reveal of July's dramatic 10% annualized drop in consumer credit [Sep 8, 2009: Consumer Credit Tumbles at 10% Annualized Pace] yesterday we saw a subsidized drop of 5.8% for August. The market sniffed at it for about 3...
Jr Deputy Accountant  Oct 8  Comment 
Consumer credit disappoints... whom? MW: Consumers slashed borrowing at a faster-than-expected pace in August for the seventh straight month, underscoring not only their tough economic plight but also their bubbling outrage at banks and...
Expected Returns  Oct 7  Comment 
From Bloomberg, U.S. Consumer Credit Fell by $12 Million in August: U.S. consumer credit fell in August for a seventh straight month as banks maintained restrictive terms and job losses made households reluctant to borrow. Consumer credit...
Forbes  Oct 7  Comment 
Cash for clunkers couldn't keep the amout of outstanding credit from falling below expectations.
Sydney Morning Herald  Oct 7  Comment 
US consumer credit fell in August for a seventh straight month, as banks kept restrictive lending terms in place and job losses made households reluctant to borrow.
Merrill over Matter  Oct 7  Comment 
Consumer credit outstanding results are not pretty.  Outstanding consumer credit continues falling with neither the first nor second derivative being positive.  As I have mentioned before the rate of decline is unprecidented.   It was World...
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Consumer credit is credit extended specifically for personal or household use.

Consumer credit is credit referring specifically to credit extended for personal or household use by individual consumers and their families. This differs from, say, business or bank credit, which is used by corporations or banks.

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