Smart Borrower Blog

Archive for January, 2013

Subprime Student Loans Delinquencies Starting to Soar

Jan 30th, 2013 @ 9:11 PM by Amber Nelson

The number of subprime student loans is growing and so are the delinquencies, according to a recent study by credit bureau TransUnion. Subprime student loans – loans made to those with low credit scores – made up one-third of the $900 billion total in March 2012, up from 31 percent in 2007 before the financial […]

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Trulia: Housing Market 52% Back to Normal

Jan 23rd, 2013 @ 11:51 AM by Amber Nelson

The U.S. housing market is now more than half way back to reaching “normal” levels, according to housing data company Trulia, although the recovery is uneven across the country. In a recent Forbes post, Trulia chief economist Jed Kolko explained how the company measures the health of the market. They base “normal” off of pre-housing […]

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Colleges Face Tough Year As Students Balk at More Loans

Jan 16th, 2013 @ 12:09 PM by Amber Nelson

The U.S. higher education sector recently got a negative outlook rating by Moody’s Investors Service, a sign that students are rethinking the value of college in the face of high tuition and and mounting student debt. “The U.S. higher education sector has hit a critical juncture in the evolution of its business model,” said Eva Bogaty, Moody’s […]

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Consumer Credit Delinquencies Dip in Third Quarter

Jan 9th, 2013 @ 1:47 PM by Amber Nelson

Americans kept up with their bank-issued credit card payments better in third quarter of last year, according to the latest information from the American Bankers Association, enough to bring delinquencies down to an 18-year low. The ABA found that 2.75 percent of all bank card accounts were delinquent – late by 30 days or more […]

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Economy Still Keeping Small Business Lending on Hold

Jan 2nd, 2013 @ 7:54 PM by Amber Nelson

Small businesses borrowed just slightly more in November than the previous month, according to a recent lending index, a sign that business owners are still worried about high unemployment and low consumer spending. Total lending to small U.S. firms rose 3 percent from November 2011 and even less from October as measured by the Thomson […]

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