Top 10 Jungle Issues New Peak Lending Report Based on $3.8 Trillion in US Consumer Debt

DALLAS, January 9, 2018 (Newswire.com) - Top 10 Jungle, a Dallas-based provider of slick digital content and top 10 product reviews, releases its latest Peak Lending Report.

"US consumer debt is out of control," said Ian Manning, Top 10 Jungle Analyst, "Consumers are optimistic about the economy and they aren't shy about showing it. Based on the latest Federal Reserve data, U.S. consumers ran up $28 billion in new debt on credit cards, auto loans, student loans and other debt."

US consumer debt is out of control. Consumers are optimistic about the economy and they aren't shy about showing it. Based on the latest Federal Reserve data, US consumers ran up $28 billion in new debt on credit cards, auto loans, student loans and other debt.

Ian Manning, Top 10 Jungle Analyst

Consumer spending accounts for almost 70 percent of the economy. The Fed reported an 8.8 percent increase in consumer borrowing to over $3.8 trillion. These numbers do not include home mortgages or any other loans secured by real estate. The past two years has shown the American consumer willing to borrow more while the modern social and online lending platforms willing to take greater risk.

Top 10 Jungle reports on companies and collects reviews across a wide range of industries. The company has recently added popular companies such as Actify Solutions, Vantage Acceptance and Fast Track Financial to its list of covered companies.

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Source: Top 10 Jungle