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	Consumer debt - Wikipedia, the free encyclopedia
		Consumer debt is consumer credit which is outstanding.
		The most common form of consumer debt is credit card debt, payday loans, and other consumer finance, which are often at higher interest rates than long term secured loans, such as mortgages.
		Long-term consumer debt is often considered fiscally suboptimal.
	en.wikipedia.org /wiki/Consumer_debt (452 words)

	All Debt Services - Consumer Debt
		As a consequence of this, the consumer debt services industry has sprung up to help you bridge the gap between the present and future.
		In many cases, this is provided through a debt counseling component within the consumer debt service programs.
		A more realistic approach that a lot of consumers adhere to is to be aware of what could be construed as a 'need' and what may be defined as a 'want,' in deciding on a purchase.
	www.alldebtservices.com /debt/consumer-debt (495 words)

	FDIC: FDIC Roundtable Takes On Question of Consumer Debt
		Although some features of the consumer lending revolution involve increased risks, many other aspects are strongly positive in that they allow consumers more options and flexibility in managing their finances.
		Indeed, the growth in consumer debt has been led by an increase in low-cost, tax-advantaged mortgage debt and comes as the homeownership rate is reaching record highs.
		Consumer markets are largely self-correcting, with consumers taking on more debt during expansionary periods, after which delinquencies rise, creditors pull back and households slow down.
	www.fdic.gov /news/conferences/consumerdebt.html (1147 words)

	USATODAY.com - Consumer debt loads at record (Site not responding. Last check: 2007-11-01)
		Household debt levels rose nearly 11% in 2003.
		A measure of consumers' abilities to repay their debts from their current income, the Federal Reserve's financial obligations ratio (FOR), fell to the lowest level in two years in the third quarter, the period of most recent data.
		Standard and Poor's chief economist David Wyss says he's concerned that when interest rates rise, consumers with high debt who are so used to low interest rates will not want to spend any more money and instead will stay in cramped condos or continue to drive beat-up minivans rather than buy new.
	www.usatoday.com /money/perfi/general/2004-03-17-debtcover_x.htm (1851 words)

	Consumer Debt Services : FAQs (Site not responding. Last check: 2007-11-01)
		To qualify for the Debt Management program, we have to first make an appointment to analyze your monthly income and expenses (monthly budget) the money left over after paying your expenses are your disposable income.
		The majority of creditors give these benefits only after they have received three consecutive payments paid by you directly to Consumer Debt Services, Inc. During the first three (3) months CDS is negotiating with your creditors to obtain benefits and a low monthly payment.
		Consumer Debt Services uses the roll-up payment system, it is a financial system designed to pay-off debts faster than the regular payment.
	www.consumer-debtservices.com /faq.html (1270 words)

	washingtonpost.com: U.S. Consumer Debt Grows at Alarming Rate
		To some, the nation's consumer debt, which dwarfs that of any other country, represents the kind of "bubble" that the stock market grew into during the 1990s.
		The only good news in the Federal Reserve figures, debt experts said, was that the seasonally adjusted debt grew at an annual rate of 2.4 percent for the month, down from 5 percent in October and 6.9 percent in September.
		Although the credit card industry says average household consumer debt comes to $9,000, Manning said, it is actually closer to $13,000 when the roughly 40 percent of households that pay their balances each month are taken out of the equation.
	www.washingtonpost.com /ac2/wp-dyn/A10011-2004Jan12?language=printer (729 words)

	Fool.com: Scorched by Consumer Debt [Motley Fool Take] October 9, 2003
		The Federal Reserve recently reported that the amount of consumer debt in the U.S. leapt up more than 5.2% in the month of August.
		Non-revolving debt comprises 62% of all consumer debt, or $11,500 per household.
		Consumer spending makes up nearly 70% of economic activity in the U.S. While pundits fret about the rising levels of federal deficits, the real terror to my mind lies in the level of consumer debt, or more directly, the lack of equity.
	www.fool.com /News/mft/2003/mft03100909.htm (546 words)

	Household Debt Service and Financial Obligations Ratios
		The household debt service ratio (DSR) is an estimate of the ratio of debt payments to disposable personal income.
		Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt.
		Homeowner and renter FORs are calculated by applying homeowner and renter shares of payments and income derived from the Survey of Consumer Finances and Current Population Survey to the numerator and denominator of the FOR.
	www.federalreserve.gov /releases/housedebt/default.htm (179 words)

	Consumer Debt (Site not responding. Last check: 2007-11-01)
		A "debt" is defined in the FDCPA as any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services at issue are used primarily for personal family and household purposes.
		Debt collectors can contact third parties for debt collection assistance only when: (1) the debtor has given prior consent directly to the collector; (2) the collector has obtained a court order permitting the contact; or, (3) the contact is reasonably necessary to achieve a post-judgment judicial remedy.
		Within five days of first contact, the debt collector must send you a written notice telling you the amount of money you owe, the name of the creditor you owe it to, and what to do if you don't feel you owe the debt.
	www.usafa.af.mil /superintendent/ja/consumer_debt_problems.cfm (4239 words)

	Debt Settlement And Consumer Debt Relief Group - Debt Help Without Consolidation
		Consumer Debt Relief Group is a fully licensed and bonded debt settlement company.
		When you enter a debt consolidation program, your creditors are assured of getting all of their money, regardless of how much extra interest they charge you.
		Once Consumer Debt Relief Group has takes you aboard and and begins our settlement service for you, the anxiety associated with your money problems will begin to be a thing of the past.
	www.debt-settlement-inc.com (963 words)

	Medical Debt and Seniors: How Consumer Law Can Help
		Consumer law remedies are critical in helping seniors avoid financial ruin due to overwhelming medical bills.
		However, the priority of a medical debt does depend on each individual client's circumstances and may need to take non-financial factors into account, such as ability to obtain future care from a certain facility to which the client owes a debt.
		Medical debt collectors are accustomed to obtaining default judgments, and are not used to being forced to put on a case.
	www.consumerlaw.org /initiatives/seniors_initiative/medical_debt.shtml (1803 words)

	Economist's View: Consumer Debt
		Anyone who defends current [debt] levels risks being labelled as blind not only to structural imbalances but to the struggles faced by families who are taking on debt to meet basic obligations such as homes, medical costs and education.
		While consumers are managing their finances fairly well so far, I am not as willing as the authors to declare household debt a worry free zone, particularly in the event of a sudden downturn in the economy.
		The average debt levels tell us nothing about the distribution between the conservative borrower paying down huge chunks of principal on a 15-year mortgage compared to the strapped negative-amortization/option ARM types who tapped their home equity on their San Diego condo that's already down -17% over the past year.
	economistsview.typepad.com /economistsview/2006/06/consumer_debt.html (8435 words)

	The positive spin on consumer debt
		It does seem that consumer debt loads may have accentuated the depth of a few recessions, but the recessions started from other causes.
		The most important reason for the increase in consumer debt is that about 10 million of them bought their first home over the last decade.
		Another factor affecting the rise of consumer debt is the dramatic increase in auto loans.
	www.bankrate.com /brm/news/mortgages/20040127a1.asp (959 words)

	Consumer debt-service levels may mean spending slowdown - Apr. 16, 2002
		NEW YORK (CNN/Money) - U.S. consumers are spending more of their money to service debt than at any time in 15 years, and a recent study pointed out that such high levels usually foretell a slowdown in consumer spending, the lifeblood of the world's largest economy.
		When the debt-service ratio peaked in 1986, for example, consumer spending was rising by 4.5 percent from the year before.
		Consumer spending is of particular interest to economists because it is the backbone of the U.S. economy, making up more than $6 trillion of the $9 trillion U.S. gross domestic product (GDP) in 2001.
	money.cnn.com /2002/04/16/news/economy/trend_debt (557 words)

	Consumer Action :: You Can Do It
		If you have more debt than you are comfortable with, take whatever steps are necessary to change your spending habits for the next year or so to get your finances under control and reduce your debt level.
		When you are debt free, start putting the money you were using to pay off your debts into a savings or investment account to meet your long-term financial needs and build wealth.
		The FTC is a federal agency that protects consumers against unfair, deceptive, or fraudulent practices and enforces a variety of consumer protection laws and trade regulation rules.
	www.consumer-action.org /english/articles/managing_debt_building_wealth_eng (1177 words)

	American Consumer Debt
		In short, it is the consumers’ perception of the future that causes them to open their checkbooks and spend, or to close their checkbooks and reduce spending.
		The current debt of consumers is $2.2 trillion as of the first quarter 2001, which includes credit cards, mortgages, and car loans debt.
		Now consumers are up to their eyeballs in debt and there is no way to correct this situation except for massive personal bankruptcies or allow time for the consumers to pay down their debt.
	www.plim.org /AmericanConsumerDebt.html (1081 words)

	Ministry of Consumer Affairs - Consumer Info - Debt Collection
		But when a debt is disputed, they cannot lead you to believe that the only way to stop court action is to pay the debt.
		Debt collection agencies can only charge collection fees if you are aware at the time you agree to purchase the goods or services that late payments will result in extra charges.
		Advising the agency that there is a real and unresolved dispute over the debt may mean that the agency will stop any action to collect the debt until the matter is settled.
	www.consumeraffairs.govt.nz /consumerinfo/debtcollecting.html (1209 words)

	Consumer Debt Solutions - Debt elimination for Americans
		Consumer Debt Solutions, Inc. was founded in June of 2000 and are members in good standing with the Better Business Bureau of Southeast Florida.
		The President and Vice President of Consumer Debt Solutions have over 28 years experience in the Credit Counseling and Accounting industries.
		"Consumer Debt Solutions is a Florida corporation offering Financial Solutions to the internet community." We effectuate this by functioning as an intermediary for the consumer in the selection of the best debt elimination process.
	www.consumerdebtsolutions.net /about_us.html (326 words)

	Consumer Debt Problems and Consumer Credit Counseling - The Truth (Site not responding. Last check: 2007-11-01)
		As the public amassed greater and greater personal debt the banks took note that many customers were now having problems making their minimum payments and were starting to default on their debts.
		Consumers started seeing late charges accumulate, and some cases payments were either far less than what was agreed to or some payments were missed altogether.
		Because of the extended time period to repay their debts, their credit card balances do not change significantly over a period of many years and the consumer feels like they have just fallen into yet another type of trap.
	www.edebtfree.org /ccc.htm (1196 words)

	Building a Better Credit Report
		The consumer reporting company must tell you everything in your report, and give you a list of everyone who has requested your report within the past year - or the past two years if the requests were related to employment.
		Inquiries: Consumer reporting companies must maintain a record of all creditors who have asked for your credit history within the past year, and a record of individuals or businesses that have asked for your credit history for employment purposes for the past two years.
		A: The three nationwide consumer reporting companies are using one website, one toll-free telephone number, and one mailing address for consumers to order their free annual report.
	www.ftc.gov /bcp/edu/pubs/consumer/credit/cre03.htm (6356 words)

	Consumer complaints about National Consumer Concil - Debt Payoff Plan (Site not responding. Last check: 2007-11-01)
		I was told that creditors would prefer to work with their debt management company for negotiations as opposed to seeking legal course of action for non-payment.
		They mislead consumers by convincing them they are in desperate situations, reassuring them that creditors will likely not sue them (when the opposite is the case).
		I am so far in debt now because they put me off for so long so my credit history now is destroyed even more because of a program that was supposed to help me. All I want is my first fee back and nothing else.
	www.consumeraffairs.com /debt_counsel/nccc_repayment_plan.html (1031 words)

	US consumer debt reaches record levels (Site not responding. Last check: 2007-11-01)
		Household debt as a percentage of assets reached the historic high of 22.6 percent in the first quarter of 2003.
		According to experts, the fastest-growing group of indebted consumers are those 65 and older, as more and more people retire, or attempt to retire, relying on grossly inadequate Social Security payments as their only source of retirement income.
		Consumer bankruptcies have surpassed 1 million a year since 1996, setting a record of 1.54 million in 2002, according to the American Bankruptcy Institute (ABI).
	www.wsws.org /articles/2004/jan2004/debt-j15.shtml (1220 words)

	Consumer Credit Counseling and Debt Consolidation
		American Consumer Credit Counseling is dedicated to providing consumers with financial resources to help better manage their personal finances.
		American Consumer Credit Counseling's confidential debt management program is individually designed to provide consumers with a unique solution for their financial situation.
		Professionally trained and independently certified counselors evaluate a consumer's financial situation, assist in creating a budget, work with creditors and provide education so that they can properly manage their finances and secure a debt-free future.
	www.consumercredit.com (230 words)

	Links: Consumer / Debt
		Many free legal self-help publications on a variety of consumer problems such as bankruptcy, debt collection, automobiles, contracts, utilities, loans, small claims court and consumer fraud.
		Compiled by the Alexander Law Firm, the Consumer Law Page provides online articles, brochures, and resources for workers, consumers and small business owners who have experienced loss as a result of personal injury, negligence, toxic chemicals, or corporate fraud through sales of products, services, stocks or bonds.
		The National Association of Consumer Advocates, Inc is a nation-wide association of over 400 attorneys and consumer advocates who have a wide range of experience curbing abusive and predatory business practices and promoting justice for consumers.
	www.nwjustice.org /links/consumer.html (724 words)

	Consumer Debt Solutions
		Consumer Debt Solutions, Inc. is a financial analysis company offering financial analysis services to the general public in an effort to bring the consumer to a state of debt awareness.
		You can be confident that Consumer Debt Solutions, Inc. does not sell your information to any third party or provide such information to a third party for its own independent use.
		Consumer Debt Solutions, Inc. reserves the right to change the privacy notice in its sole and absolute discretion.
	www.consumerdebtsolutions.net /privacy.html (717 words)

	Non-Profit Consumer Credit Counseling Services - Debt Counseling - Debt Help
		A counselor analyzes your income and debt, develops a budget and action plan, and recommends a solution.
		Our certified, consumer credit counselors will help you with all your debt reduction: car loans, mortgages, credit cards, medical bills, and all consumer debt.
		GreenPath is also known as Consumer Credit Counseling Service of Michigan, Consumer Credit Counseling Service of Southern New York, Consumer Credit Counseling Service of Northwest Illinois, and Consumer Credit Counseling Service of Northern Indiana.
	www.greenpath.com (404 words)

	U.S. consumers are hooked on spending - Oct. 3, 2003
		The perseverance of consumer spending over the past several years is credited with keeping the economy afloat, but it didn't come without consequence.
		And the U.S. consumer is leveraged to the hilt.
		But it might not solve the problem of consumers who are continuing, in effect, to eat their seed corn.
	money.cnn.com /2003/10/02/markets/consumerbubble (980 words)

	Right on the Money \| Managing Consumer Debt
		The Debt Counselors of America is an Internet-based nonprofit offering all kinds of savvy debt information.
		The site also has debt management programs and a crisis team of professionals that can swing in if you are in over your head.
		Debt doesn't have to be a permanent albatross dragging down your financial life.
	www.rightonthemoney.org /shows/123_debt (297 words)

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