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Counselors Fear 'Credit Addiction'.(mortgages)(Brief article)
Silver Spring, MD -- The National Foundation for Credit Counseling says "there is no Happy New Year" for many people as consumer debt continued to grow another $4 billion in January to a staggering $2.16 trillion, according to numbers released yesterday by the Federal Reserve Board. The NFCC continues to voice serious concern over yet another increase in consumer debt during the first month of 2006.
The Federal Reserve's new consumer debt numbers cover levels reached through the end of January 2006, and the $2.16 trillion figure represents a 2.2% annual rate of growth.
"This astounding amount of consumer debt ...
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Source: HighBeam Research, Counselors Fear 'Credit Addiction'.(mortgages)(Brief article)