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  • Other Added - Consumer Debt Trends and Issues in 2006

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    Throughout 2005 we heard of the incredible growth in consumer debt. Credit Card companies raised credit card limits of many consumers. Many folks used home equity loans to pay off credit card loan debris which was hurting their middle class perceived entitlements to have it all in advance of paying for anything. Buy, buy, buy and shop till you drop was the battle cry, yet in retrospect who is crying now?
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    ompanies raised credit card limits of many consumers. Many folks used home equity loans to pay off credit card loan debris which was hurting their middle class perceived entitlements to have it all in advance of paying for anything. Buy, buy, buy and shop till you drop was the battle cry, yet in retrospect who is crying now
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    ceived entitlements to have it all in advance of paying for anything. Buy, buy, buy and shop till you drop was the battle cry, yet in retrospect who is crying now
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    uy and shop till you drop was the battle cry, yet in retrospect who is crying now?

    Once these consumers paid off their high-interest credit card debt with low-interest rate home equity loans they lowered their over all debt load and the interest they were paying on this debt; a once in a life-time opportunity to work their way out of debt. But instead the credit card companies showed their credit c

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