How Unsecured Debt Is Increasingly Driving Housing Instability

Money Management International’s Helene Raynaud writes that many unsecured debt challenges–credit-card utilization, medical collections, budget shortfalls–can potentially be addressed before they escalate into mortgage delinquency or foreclosure exposure.

Inflation Spurs Consumers to Credit Cards, Home Equity

TransUnion, Chicago, said amid rising interest rates and high inflation, the fourth quarter saw consumers continuing to look to credit as a means to help stave off financial pressures.