Smart Borrower Blog

Archive for December, 2011

Parents Helping Kids Get Mortgage Loans

Dec 28th, 2011 @ 3:10 PM by Amber Nelson

In these days of economic uncertainty, many potential homebuyers are asking their parents for help. Today buyers are facing the most stringent lending standards in decades as well as a shaky job market. They are often in need of a good chunk of change in order to qualify for a home purchase. According to a […]

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Subprime Borrowers Boost Auto Lending

Dec 21st, 2011 @ 1:25 PM by Amber Nelson

The automotive lending pipeline has started to open up again for borrowers with less than stellar credit. According to new reports, car loans for subprime buyers, or those with credit score between 550 and 620, have risen substantially this year, indicating a revival of lending among that market segment. Information from CNW Research and Experian, […]

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Small Business Lending Suggests Stronger Economy

Dec 14th, 2011 @ 9:20 PM by Amber Nelson

U.S. small businesses are borrowing more these days, after having consolidated and tightened up during the recession. Increased borrowing points to a stronger, more solid economic foundation than before the recession, according to PayNet President William Phelan. The Thomson Reuters/PayNet Small Business Lending Index, a measure of the total loan activity to small businesses, grew […]

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Consumer Borrowing, Credit Card Use Up in October

Dec 7th, 2011 @ 9:24 PM by Amber Nelson

Consumers continued to borrow more money in October, according to the latest figures from the Federal Reserve, and the trend could suggest either progress or danger. Total consumer credit grew by $7.6 billion to $2.457 trillion, outpacing September’s $6.88 billion increase. Americans have upped their spending and borrowing for 12 of the past 13 months, […]

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