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

[interestrateripoff]

http://www.zerohedge.com/news/2014-04-07/98-all-consumer-credit-past-year-was-used-student-and-car-loans

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 April 7, 2014 by interestrateripoff

[Snugglybear]

Wonder what the corresponding figures for the UK would be.

[shindigger]

http://www.zerohedge.com/news/2014-04-07/98-all-consumer-credit-past-year-was-used-student-and-car-loans

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

PPI as down payment on the new motor.

I hope these people took out some PPI

[nnails]

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.