Consumer Spending Down, Bad Credit Borrowing Up

Share Article

The consumer resource BadCreditx.com, has announced the results of its popular borrowers survey which has revealed that consumer spending has declined over the final quarter heading into 2012 while bad credit borrowing has risen by 28%.

Bad Credit Borrowing Grows

Borrowing with Bad Credit Increases

Our survey revealed that a growing number of people are in need of financial relief, seeking any help they can find.

The online consumer information website, BadCreditx.com, has released the results of its annual visitor survey revealing that consumer spending for necessities has declined sharply while borrowing, categorized as bad credit cards, loans or debt consolidation loan offers, has increased by over 28%.

Participants in the survey were asked what they most urgently needed to spend money on, what they were buying and what percentage of their income that people felt was discretionary. Borrowing results were determined by the number of participants that were in a situation of immediate need for money that they felt could only be achieved in time by borrowing money from a lender.

"The results are troubling. We are in the business of helping people. We help people recover financially and find what help they need. Our survey revealed that a growing number of people are in need of financial relief, seeking any help they can find," said Tanya Caliban, site spokesperson.

The online resource provides a number of useful informational resources to help educate people about their credit scores, bad credit loans and how to improve their personal finances. In addition the free guides provided online, the site helps connect borrowers with trusted lending resources willing to help people with bad credit fix their financial situation.

About BadCreditx.com
The bad credit scores online help location, founded in 2008, was created to provide open access for people to the information and financial services that can make improving ones personal finances fast and easy. If you are facing financial problems, bankruptcy, foreclosure, or worse, and you can't find the help you need in under 60 seconds, we'll be soundly surprised, that's how confident we are.

Contact:
Tanya Caliban, Spokesperson
(404) 590-2247
http://www.badcreditx.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Tanya Caliban
BadCreditx.com
(404) 590-2247
Email >
Visit website