Credit conditions improve during Q1, report shows

Consumer debt at the end of the first quarter was 11% lower than the October 2008 peak, and credit write-offs were down 50% from the March 2009, according to Equifax. Meanwhile, new auto, home equity, student and other consumer loan accounts were up 11% in January, compared with a year earlier.

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Equifax: US Consumer Debt $10.9 Trillion At 1Q-End - Wall Street Journal, The · American City Business Journals

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