Bankruptcies, Foreclosures, Defaults and Consumer Collections: Free Money Always Gets the Job Done
Powell said many times consumers may accept a crunch because loan distress is at historic lows. What consumers can’t stand for long is runaway inflation. By Wolf Richter for WOLF STREET. We’ll start with consumer bankruptcies because that’s where credit problems often end, if they can’t be resolved. Next, we’ll look at foreclosures, third-party collections, …
