From Recession to Recovery: Trends in Seven Key Areas — Credit Webinar March 2015
Credit use that depends on real estate as collateral (first and second mortgages and HELoCs) is on the decline; real-estate debt remains the "800-pound gorilla" on consumers' balance sheet. At the same time, the increase in the incidence (and amounts) of outstanding debt is striking; the deleveraging of the American consumer appears to be slowing because of increasing confidence and spending.
Watch this webinar by Larry Cohen, director of SBI's Consumer Financial Decisions group, to find out more about credit use.
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