Defaults Account for Most of Pared Down Debt – WSJ

Posted: September 19th, 2010 | Author: | Filed under: Uncategorized | 5 Comments »

There are two ways, though, that the debts can decline: People can pay off existing loans, or they can renege on the loans, forcing the lender to charge them off. As it happens, the latter accounted for almost all the decline.

Defaults Account for Most of Pared Down Debt

It’s always important to understand how numbers are arrived at.


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