New Index Tracks Consumer Debt Load
Debt Settlement USA here has launched The Consumer Debt Index, a quarterly statistical analysis that will measure the degree to which American consumers are suffering under an increasing burden of credit card, car payment, home mortgage and other debt.
In the company's first index, for the first quarter of 2008, the index stood at 11.76, up 22% from the second quarter of 2007, the company said. The index is based on a combination of the Consumer Price Index, consumer credit outstanding, mortgage and consumer loan delinquency rates. Debt Settlement USA said the index has been rising steadily since mid-2007. The mortgage loan delinquency rate surged 68% since the second quarter of 2007 and the first quarter of this year, the company said.
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