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Consumer Credit

Consumers Shift Focus From Savings to Paying Down Debt

Results from a poll conducted by the National Foundation for Credit Counseling (NFCC) revealed that 89 percent of consumers prefer to pay down debt than increase their savings.

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Equifax Data Indicates Widespread Credit Growth

Multiple portfolio metrics indicate that the U.S. credit market is stabilizing and is growing, according to Equifax's monthly “National Credit Trends Report” for March 2011.

Consumer Borrowing Increases in September

Consumer credit increased at an annual rate of 1.1 percent, or $2.1 billion, in September, according to the Federal Reserve’s monthly report.

Interest Rates Drop in August, Federal Reserve Says

Consumer credit decreased at an annual rate of 1.7 percent in August, according to the Federal Reserve’s monthly report.

Interest Rates Drop for Second Consecutive Month, Federal Reserve Says

Consumer credit increased at an annual rate of 0.5 percent in April, according to the Federal Reserve’s monthly report.

Consumer Credit Rises; Interest Rates Dip, Federal Reserve Says

Consumer credit rebounded in March to an annual rate of 1 percent after it decreased in February to an annual rate of 3 percent, according to the Federal Reserve’s monthly report.

Interest Rates Increase Slightly in January, Says Federal Reserve

Credit extended to consumers in January rose for the first time since July 2008, according to the Federal Reserve’s monthly report, providing further evidence that both lenders and consumers are feeling better than they did a year ago.

Interest Rates Increase Slightly in November, Says Federal Reserve

Consumer credit dropped 8.5 percent in November 2009, the lowest figure of the year, according to the Federal Reserve’s monthly report.

Interest Rates Dip Slightly in October, Says Federal Reserve

Consumer credit decreased at an annual rate of 3.3 percent in the third quarter and continued to decline in October, according to the Federal Reserve’s monthly report.

RouteOne Announces Integration With VertiSEL

RouteOne LLC completed integration with VertiSEL Inc., which offers programs to help consumers improve their credit eligibility.