Are we less in debt up our ass thanks to less mail?

From WSJ:

One measure of the retreat in consumer lending: In 2005, over six billion credit-card offers flooded consumers' mailboxes. This year just 1.4 billion have been sent out[.]

And:

The size of the market for securities backed by loans tied to homeowners' equity has shrunk more than 40% since the second half of 2007. The market for securities backed by auto loans has shrunk 33%. For securities backed by riskier mortgages, the decline is about 35% since the end of 2007, according to the Federal Reserve[.]