Jump to content
House Price Crash Forum
Sign in to follow this  

Us 98% Of All Consumer Credit In Past Year Was Student And Car Loans

Recommended Posts


And putting this in context, in the past 12 months, a record 98% of all credit - $162 billion - has gone into non-revolving debt, i.e., student and car loans. How much has been added to credit card balances? An absolutely meaningless $4 billion, or 2% of total. Shown below, the "consumer recovery" is the bar chart on the left.


Is this figure accurate?? Debt by the consumer is cars and college?

Edited by interestrateripoff

Share this post

Link to post
Share on other sites

i recently managed to break my gearbox in my 2005 reg car. Naturally i looked in to scrapping and just getting a newer car. but what surprised me was my car was worth around £2000 pound not £1000 i expected so i had it fixed instead and least i know where its been.

i had look at other car around 2009/2010 reg and the price seems to have gone up a lot in the last four years for since i brought my current car.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.