The Federal Reserve's consumer credit report for May 2012 shows a 8% annualized monthly increase in consumer credit. Revolving credit surged, 11.2%, and nonrevolving credit increased 6.5%. The Credit Kraken comes out of it's cave.
The Federal Reserve's consumer credit report for March 2012 shows a 10.2% annualized monthly increase in consumer credit. Revolving credit increased, 7.8%, and nonrevolving credit surged 11.3%. The Credit Kraken continues it's rampage, after a hiatus in February, mainly on the backs of people going to school.
Banks and credit card companies in England are exploiting a legal loophole to seize homes of customers who cannot pay their credit card bills, experts say.
Recent comments