The latest financial news, events, and press releases at DNF Associates
US consumers’ credit-hungry approach to spending continued in November, with borrowing rising by nearly $28 billion, according to Federal Reserve data released Monday.
Household debt soared at its fastest pace in 15 years as the use of credit cards surged, according to a Federal Reserve report.
The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things.
The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago.
Originally published at: https://www.insidearm.com/news/00048452-dnf-associates-emploees-vendors-adn-neigb/ Getzville, NY – DNF Associates LLC, one the leading Asset Management Firms and purchaser of Delinquent Receivables, has answered the urgent
Originally posted on the DNF LinkedIn page: https://www.linkedin.com/pulse/2022-rmai-executive-summit-reaffirming-our-commitment-/ At DNF Associates, we have been committed to upholding the standards and principles of RMAI since day
With prices increasing at the fastest rate since 1981, Americans are feeling the pinch. PYMNTS’ data reveals that 86% of United States consumers believe they lost purchasing power in the last year, and more than half say their financial situation has worsened.
A growing body of research documents the importance of household debt to the Great Recession and subsequent sluggish recovery. Notably, counties in which households were heavily indebted relative to their income at the beginning of the downturn experienced sharper declines in consumption expenditure and employment.
According to the Federal Reserve (Fed), U.S. consumer debt is approaching a record-breaking $16 trillion. Critically, the rate of increase in consumer debt for the fourth quarter of 2021 was also the highest seen since 2007.
