Orlando among U.S. cities with largest gains in debt
Orlando is among the top U.S. cities to experience the largest gains in debt in the third quarter, a new report from Equifax Inc. (NYSE: EFX) shows.
When Equifax last reported the data following first-quarter 2015, 19 of the nation’s largest 25 cities showed declines in consumer debt over the year-ago period. The new report shows a reversal of this trend, with all major metros posting gains. The largest increases were experienced by Houston (+7.4 percent), Denver (+5.4 percent), Dallas (+4.8 percent) and Orlando (+3.8 percent).
“The trend in the market indicates consumers appear more confident in the economy and are moving forward with their lives and borrowing money again, ”said Assad Lazarus, senior vice president of product and customer experience at Equifax Personal Information Solutions.