The just-released Federal Reserve Bank of New York Household Debt and Credit Report states aggregate household debt balances were largely flat in the first quarter of 2015.

According to the report, only about 112,000 individuals had a new foreclosure notation added to their credit reports in the first quarter of this year, the lowest total since at least 1999.

Click here to access the full report.

Four percent fewer consumers filed for bankruptcy, according to their credit reports, bringing the quarterly total to its lowest point since early 2006.    

Total household indebtedness is $11.85 trillion, a $24 billion, or 0.2% increase during the first quarter of this year.

The information is pulled from anonymous Equifax credit data.    

The slowdown in growth is attibuted to the lack of aquiring higher mortgage balances, the largest component of household debt.

Mortgage balances stood at $8.17 trillion in the first quarter.

Home equity lines of credit, which were $510 billion at the end of fourth quarter, 2014, also remain the same.

Any increase in debt is largely attributed to increases in student loans ($32 billion) and auto loans ($13 billion).

The Fed also reports a $16 billion decline in credit card balances, so this partially offsets the gains in car and student loans. 

3d rendering of a row of luxury townhouses along a street

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