Share on linkedin LinkedIn Share on twitter Twitter

Weeds are Growing

The old saying goes, if it’s growing like a weed, it’s probably a weed. Last week’s news from the Washington Post that personal loans are growing like a weed is a stark reminder of how good times and growing paychecks often get folks out over their skis. With an average personal loan balance exceeding $16,000, these unsecured debts now rival credit card balances.

Credit cycles are…well…cyclical. Let’s hope we move back from the brink before it cycles back around.

Share on linkedin
LinkedIn
Share on twitter
Twitter