How much personal loan debt is too much?

The number of personal loans that are outstanding has doubled in the last few years.In 2016, there were about $12 billion in personal loans outstanding, according to the U.S. Bureau of Labor Statistics.That’s up from about $7 billion in 2015.The Bureau of Economic Analysis estimates that personal loans in the U, including home mortgages, auto…

9 Million Personal Loans in US – 5 Million on Personal Micro Lenders and 500 Personal Loans on Personal Loans

A new report from Credit Karma reveals that the number of personal loans in the United States has risen to 5 million, which is more than 10% of all personal loans.The report also shows that more than 5 million personal loans are on a personal micro loan, which means they are in default and are…