New Equifax Report Shows Changing Consumer Borrowing Habits

  A recent report from Equifax shows that consumer borrowing is increasing, with the total credit balances for Americans hitting its highest level in more than five years in November 2014. In addition, non-mortgage and home-finance write-offs were at their second lowest level in eight years. According to the Equifax National Consumer Credit Trends Report, consumers had a total of $3.1 trillion in[...]