Friday, June 28, 2013

Consumer debt reduction led by mortgage write offs!

This is what I'm talking about...Mortgage debt, credit card debt and student debt only reduce because of discharges.

However discharges don't disappear, they end up with debt collectors who get court judgements, so these press releases about consumer debt being reduced are basically misleading the public.

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2 comments:

  1. Jim Hodge BlogJuly 11, 2013 at 7:17 PM

    We have put up on the blog a mortgage calculator that produce it easy for consumers to monitor their amortization payments and also principle bills. http://www.jimhodgeblog.com/2013/07/useful-mortgage-and-loan-calculator/ - Jim Hodge

    ReplyDelete
  2. Alessandro MachiJuly 13, 2013 at 1:31 PM

    Hi Jim, what do you think of this blog!

    ReplyDelete

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