Consumer Credit Contraction to Impact ARM Industry Over Time

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Consumer Credit Contraction to Impact ARM Industry Over Time
While consumer credit fell for the ninth straight month in October, according to a government report, the decline was less than many economists had forecast.Consumer credit decreased at an annual rate of 1.7 percent, or $3.51 billion, in October, according to the Federal Reserve’s Consumer Credit -- or G.19 -- report, released late Monday.Revolving credit, mostly comprised of credit card acc
 
Topic: Collections Industry