Year-End Debt Checkup: Make Sure Yours Is Healthy Debt
Filed under: Credit, Debt
Americans have set another record. It’s not a good one, though.
U.S. consumer debt hit an all-time high in October, with borrowing rising by $14.2 billion over September levels, to total $2.75 trillion. But there’s a little silver lining in the news: Most of the gain — 76 percent of it — came from auto loans and student loans. Only 24 percent reflected a rise in credit card borrowing. That’s worth noting, because all debt is not equal.
The bright side
Some debt is not only good, but…
Year-End Debt Checkup: Make Sure Yours Is Healthy Debt originally appeared on DailyFinance.com on 2012-12-24T06:00:00Z.
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