Equifax: Credit Write-offs Lower By 50% from 2009, and New Credit is at HighestPoint Since 2008
ATLANTA - The credit landscape continues its consistent recovery heading into the second quarter of 2012, with the exception of home finance, according to the U.S. consumer data from Equifax’s March National Consumer Credit Trends Report. At the end of Q1 2012, U.S. consumer debt was at $10.9 trillion, down more than 11% from its peak of $12.4 trillion in Oct. 2008. Credit write-offs are lower by 50% from March 2009, when banks wrote off a total of $39.7 [...]
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