May
16
The majority of retail companies have continued to have difficulty keeping sales from declining let alone growing. This however has not affected the amount of consumer credit usage as it continues to increase. The consumer credit usage increased 5% when comparing the first quarter of 2007 to the first quater of 2008. The majority of the increase is from comerical banks with revolving credit. However, Sally Mae and Freddy Mack have added 8% when comparing 2007 Q1 to 2008 Q1.
See the Latest Report here Consumer Credit Data
Comments
Leave a Reply
You must be logged in to post a comment.