Top 10 Jungle Issues Peak Lending Season Report That Gives a Wake Up Call to Lenders
Top 10 Jungle provides debt consolidation and debt relief comparison charts as a free service to consumers.
DALLAS, Oct. 17, 2017 /PRNewswire/ -- Online review powerhouse, Top 10 Jungle, issued its "Peak Lending Report" outlining some important milestones that have been reached.
- Total consumer debt reached a record $12.8 trillion. The prior "peak lending" number was $12.7 trillion in 2008.
- Since the financial crisis that followed the last "peak lending season", auto loans and student loans have risen to new "lending peaks". Auto loans are now at $1.2 trillion, up 70% since the depths of the recession in 2010. Student loans have reached an incredible $1.3 trillion.
- Total credit card debt has reached $784 billion, the highest level since the "peak lending" fourth quarter of 2009. Credit card delinquencies have also started increasing from historic lows.
- Mortgage debt is growing again, having reached $8.7 trillion. However, it remains below the 2008 "lending peak" of $9.3 trillion.
- The demand for consumer credit is so strong that even independent lending companies such as Tremont Lending, Broadstar Financial, Peak Lending, and Pebblestone Financial are flooding the internet with ads to propel their growth.
"History seems to repeat itself over and over again. Consider this a wake up call," said Benny Alvarez, Top 10 Jungle Spokesman, "Former Fed Chairman Alan Greenspan once used the phrase 'irrational exuberance' to warn the markets about the dot com bubble of the 1990s. I hate to be an alarmist but if the economy has a hiccup, we are going to see some rapid declining loan portfolios."
ABOUT TOP 10 JUNGLE
Top 10 Reviews
Top 10 Reviews provides rankings for popular verticals such as Debt Consolidation, Small Business Loans, Debt Relief, Credit Card Consolidation, Medical Alert Devices, Pet Insurance, VPN, Personal Loans, Online Check Ordering, Anti-Virus Software, Web Hosting, Website Builders and more.
Best Rated Products
The Best Rated Products Division is where you want to look when you are about to make a purchase. We cover a wide range of products from tablets, laptops, modems, eReaders to the latest book you just have to read. We are adding categories daily. Our purpose is to make it easy for you to pick the best product and to be confident in your decision.
We have something for everyone at Top 10 Jungle and best of all - it's free!
For press inquiries or partnership opportunities, please contact Benny Alvarez.
Related Images
image1.jpg
Top 10 Debt Consolidation
image2.jpg
Top 10 Debt Settlement
image3.jpg
Top 10 Personal Loans
image4.jpg
Top 10 Medical Alert Necklaces
Related Links
Related Video
SOURCE Top 10 Jungle
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article