U.S. consumer credit risk climbs in fourth quarter for first time since 2009

Mar 20, 2012 Walt Wojciechowski

TransUnion's Credit Risk Index - a measure of general risk inherent in U.S. consumer credit - increased during the fourth quarter of last year for the first time in two years. The data point to continued uncertainty in the credit market,


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White House unveils housing plans as January foreclosure, sales climb

Mar 17, 2012 Walt Wojciechowski

Foreclosure and home sales climbed in January, reflecting the tepid and uncertain state of the U.S. housing market, according to a report released Tuesday by Lender Processing Services (LPS).Foreclosure starts rose by 28 percent last month,


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Survey analyzes debt, savings preferences among Europeans, Canadians and Americans

Mar 17, 2012 Walt Wojciechowski

With debt levels rising throughout North America, it's no wonder that consumers are willing to employ unusual tactics to reign in their balances and improve credit scores. In Canada, consumers appear particularly ready to dip into their


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Despite signs of foreclosure activity, real estate confident surges

Mar 16, 2012 Walt Wojciechowski

Foreclosure activity in the U.S. was down slightly in February, but the pace of recovery appears to be slowing. Debt collection services and alternative credit providers may need to pay close attention to how household debt impacts their revenues


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Student debt: What does it mean to banks, consumers and the US economy?

Mar 15, 2012 Walt Wojciechowski

Consumers are beginning to rack up debt on their credit cards, reflecting renewed confidence in the economy and a larger volume of discretionary income. However, many economists are warning that the trend may soon evolve into a consumer debt


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