The average selling price of new vehicles reached a record high in late 2020. Last year also saw vehicle loan debt increase to record levels.
And that's if vaccine distribution stays on track, David Malpass says.
Even if someone manages to avoid or recover from an eviction, unpaid rent can have a damaging effect that lasts for years.
Electric and gas debt is expected to be more than $24 billion by the end of this year, at least three times what it was last year.
Some credit experts say that if Congress does not pass a new relief bill soon, credit card offers could dry up more.
Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans
Delayed payments are a normal part of doing business in China. That works OK when the economy is bustling — but not anymore.
Politicians never want to tell voters about the need to balance the budget through tax hikes or spending cuts.
One economist believes hope of avoiding a COVID-19 economic depression lies in full forgiveness of personal debts.
After this week's global market crash, the credit market is showing signs of stress.