Consumers repaid a record level of unsecured loans and credit card debt during October as they continued to focus on improving their finances in the face of the recession, figures suggest.
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Consumers repay record levels of debt
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United Community Banks updates outlook on credit quality
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Mortgage delinquency, foreclosure rates soar
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Mortgage Bankers Association shows foreclosure rate at a record high
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Mortgage loans increase by 0.7% m/m as of end-July.
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Demand for credit ticks up
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Commercial banks focus on promoting the use of credit cards
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Insolvencies hit record high
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Consumer spending increased in September
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Consumers borrowed more in February to buy cars
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Credit card demand and spend increase
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Size of new mortgages hits record
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Housing affordability improves by record amount
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US continuing to recover from the worst recession:
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Nonbank lenders staging a comeback
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Retail sales rise in October
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Banks received billions in support during 2008-09 crisis, report says