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consumer debt News

Op-Ed: Government might sue student loan collector Navient

Washington - Student loan giant Navient Corp. told the Securities and Exchange Commission (SEC) yesterday that the Consumer Financial Protection Bureau (CFPB) sent it a letter claiming it has the legal grounds for a lawsuit.

Op-Ed: Interest rates should be determined by market, not central banks

Washington - Since the collapse of the United States economy at the height of the Great Recession in 2007 and 2008, consumers and governments have given interest rates a bad reputation. Is it wrong to blame them?

Op-Ed: Accountant Jim McAvoy on why debt is so hard to manage Special

Victoria - Canadian households are in huge debt, not because of our appetite for consumer goods, but rather to meet living expenses. The result is that household debt in Canada has broken its own record, now ringing up over $1.5 trillion.

Op-Ed: Canadians increase debt by six percent in fourth quarter of 2012

Ottawa - A report issued in December 2012 indicated that the overall debt of Canadians had increased by 164 percent. A report released by TransUnion says that the personal debt load, not including mortgages,increased by six percent in the fourth quarter of 2012.

Man posts videos ridiculing American Black Friday shoppers

Oceanside - Mark Dice, a well-known online personality in the conspiracy theory world, not only heckled Black Friday shoppers on Thursday night, he also asked Best Buy consumers about their credit card debt on Friday.

Study: Canadian consumer debt hits $26,768, highest in two years

Toronto - According to a report released Wednesday, Canadian consumer debt grew at the fastest pace since the fourth quarter of 2010. The study found that non-mortgage debt increased 4.6 percent year-over-year in the third quarter to an average of $26,768.

Bank of Canada maintains overnight rate at 1%, head warns of debt

Ottawa - The Bank of Canada announced on Tuesday that it is maintaining the overnight rate at one percent. Furthermore, Mark Carney, head of the central bank, warned of consumers increasing their debt faster than their incomes.
 

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Secured vs. unsecured debt 2007-2012
Secured vs. unsecured debt 2007-2012
Unsecured vs. secured debt 1997-2012
Unsecured vs. secured debt 1997-2012
Secured vs. unsecured debt  1989-2007
Secured vs. unsecured debt, 1989-2007

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