May 24, 2006

 

Consumers Making More Late Payments

Consumers Making More Late Payments

Consumers are having more problems managing their debt, according to a study from Experian Consumer Direct. Late payments increased 19.2 percent during the past two years, Experian discovered.

Bankruptcy Law Will Have Little Long-term Impact on Filings

The sweeping bankruptcy reform legislation will have little long-term impact on filing levels or consumer debt levels, predicts industry consultant Auriemma Consulting Group. While filings have dropped significantly since the record high levels of 2005, when consumers rushed to file before the new law took effect, the filings will...rise again and return to pre-2005 numbers.


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