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Conducted by The Associated Press-NORC Center of Public Affairs, the poll found that 75% of households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill.
Read More →The total balance of auto loans in December 2014 was $975 billion, representing 33.2% of total outstanding non-mortgage consumer debt, according to Equifax.
Read More →The report details the tools the CFPB has made made available to consumers, as well as the bureau's research and outreach efforts. As a condition of Dodd-Frank, the CFPB is required to present the report on its activities to Congress annually.
Read More →Equifax reported that nearly 60 of the top 100 metropolitan statistical areas hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies — nearly 24 percent in some areas.
Read More →The Federal Reserve Bank of New York’s latest quarterly report on household debt and credit indicated that consumer debt fell approximately $60 billion to $11.66 trillion in the third quarter.
Read More →Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion pre-recession level in 2006, according to the latest Equifax National Credit Trends Report.
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