Comments on: Credit Trends: Debt Shrinking in the Face of the Recession http://blog.equifax.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/ Tue, 18 Jun 2013 14:43:17 +0000 hourly 1 http://wordpress.org/?v=3.5 By: MoneyReasons http://blog.equifax.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-127 MoneyReasons Fri, 05 Nov 2010 13:59:04 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-127 Good news!

Well, at least the following consumer debt levels is on positive to come out of "The Great Recession"…

Now if the government would just start to be business and economy friendly again, perhaps we'll have a decrease in unemployment too…

]]> By: Editor, Equifax Personal Finance Blog http://blog.equifax.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-126 Editor, Equifax Personal Finance Blog Thu, 21 Oct 2010 15:52:12 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-126 @Rojy – thanks for reading and commenting. You should check out some of our other posts for more information on how to build a solid credit history.
http://credit.equifax.com/2010/09/how-to-establish-credit-with-joint.html

]]> By: ROJY PUTHIAMADATHIL http://blog.equifax.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-125 ROJY PUTHIAMADATHIL Mon, 12 Jul 2010 02:41:22 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-125 Andrews…
It's really sad that new commers facing problems with credit bureaus. We don't have any credit history and its prohibits to get a credit card or car loan. Everybody says like you must get your credit score.

Is there only way to pay 1000$ and get a secured credit card. Is there no other way to get the credit history to create?? Please suggest or advise

]]> By: Ilyce Glink http://blog.equifax.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-124 Ilyce Glink Wed, 07 Jul 2010 23:23:49 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/credit-trends-debt-shrinking-in-the-face-of-the-recession/#comment-124 Janet -

You're right on top of the latest information. Today's new numbers show that consumer debt is shrinking, in part because people who can no longer afford to pay their credit card debt are falling off the rolls. Credit standards have been toughened, as David Nelms, president of Discover Card said this week, so overall the portfolio of business is stronger.

It's hard to get credit, thought and with unemployment benefits cut off, it makes me wonder what those who have been living on their credit cards will do.

Thanks for keeping us updated.

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