Directory of debt consolidators and debt consolidation information. Browse listings to find companies that specialize in providing clients with business debt relief. more »
Providers of credit card debt management services to help businesses eliminate bad credit card debt through settlements, credit card debt negotiation strategies, and business credi… more »
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Businesses that provide their customers with consumer credit information resources grant those clients access to powerful tools for determining their creditworthiness. When clients… more »
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Consumer debt is the public's financing of consumable goods through short term extensions of credit. Credit card balances, payday loans, and specialty financing at high interest rates comprise an economy's total amount of outstanding consumer debt. This tally is concerned with credit used by individuals to make purchases of goods that are for immediate use and not debt assumed for investments or purchases of capital assets.
Increases and decreases in total consumer debt are closely monitored as economic indicators. Some economists think that increased consumer consumption helps an economy grow. When a country fears a recession is imminent, policymakers will sometimes support actions that result in lower interest rates on consumer goods. Lower interest rates mean money is cheaper to borrow. Under this theory, cheaper money means more consumers will decide to make purchases now, rather than put those purchases off.
The notion of consumer debt as a viable way to increase current consumption has cultural limitations. In some countries, such as the United States, credit card use and the accumulation of consumer debt is culturally acceptable. In other countries, such as Japan, the practice is taboo. Generally, however, the use of consumer credit has been expanding globally over the past decades, rather than retracting. Read more about consumer debt from the links on this Business.com page.
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