Credit And Forget It

Lost among all the “OMG TRUMP RUSSIA!” caterwauling is a report you probably won’t see on the network news channels. Specifically, Americans’ credit scores are at a record high.

Credit scores for U.S. consumers reached a record high this spring while the share of Americans deemed to be some of the riskiest borrowers hit a record low—a potential boon for lending and economic activity.

Consumers’ improving fortunes reflect falling unemployment and continued, if lackluster, economic growth. An added benefit: The passage of time since the recession and housing meltdown are helping household balance sheets.

In ever-growing numbers, the worst personal financial setbacks, namely foreclosures and bankruptcies, are falling off Americans’ credit reports. More than six million U.S. adults will have personal bankruptcies disappear over the next five years, according to a recent Barclays report.

The credit for this windfall obviously goes to Barack Hussein Obama, our thriftiest president.

Advertisements

9 thoughts on “Credit And Forget It

  1. This thread is as good as any… Why is it that it’s bad for the Republicans (Trump) to be colluding with Russia to sway an election when the Democrats have swayed elections for years by bringing in thousands of illegals whom they provide enough credentials and help to vote. Seems like that’s a bigger smoking gun than anyone can imagine. Not to mention that the Trump stuff is bullshit and the illegals voting Democrap is pretty much true. At least Hussein Ovomit bankrupted enough folks that all that bad stuff is now falling off their records. Thanks Barry!

    Like

  2. RG – Because shut up racist, that’s why!

    There is more concrete evidence Obama worked alongside the Russians than there has ever been for Trump, but the media shills keep pushing the Trump rumor day and night. There is – so far – ZERO EVIDENCE of Trump-Russia collusion, but when have facts ever gotten in the way of a leftist narrative?

    Liked by 1 person

  3. I think the credit scores are being inflated much like bra sizes wer about 15-20 years ago. All of a sudden almost every woman in America was a C or D cup. Now a kid that works for me just bought a big new house and his credit score is like 820. I mean come on. Can that be correct.

    Like

  4. Ingineer – I think there are still shenanigans going on, and some predatory loans being given out, butt overall, the economy seems to be getting better.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s