Smart Borrower Blog

Archive for March, 2013

Big Banks Raise Small Business Lending to Two-Year High

Mar 27th, 2013 @ 8:27 PM by Amber Nelson

While credit restrictions still remain tight, the nation’s banks are starting to hand out small business loans more freely these days, according to business lending data company Biz2Credit. And big banks, in particular, have finally started to show more willingness to lend. The Biz2Credit Small Business Lending Index, surveying 1,000 loan applications each month, increased […]

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February Credit Card Delinquencies Fall to New Record Low

Mar 20th, 2013 @ 10:09 AM by Amber Nelson

American consumers shaped up on their credit card payments in February, according to new data from Fitch Ratings Agency, bringing delinquencies to their lowest point on record. Fitch’s index measuring credit card accounts that were late by 60 or more days fell to 1.61 percent, the lowest since the beginning of the prime index in […]

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Foreclosure Repossessions Fall to Five-Year Low

Mar 13th, 2013 @ 8:58 PM by Amber Nelson

The number of U.S. homes repossessed by lenders in February fell to the lowest level since 2007, according to a new report from foreclosure data company RealtyTrac, even as the number of homes entering the foreclosure process increased. The report showed that 45,038 homes were repossessed in February, down 11 percent from January and down […]

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Sequester Reduces Student Loan Aid Programs

Mar 6th, 2013 @ 1:20 PM by Amber Nelson

As the federal government’s budget sequester took effect on March 1, students across the country may have to beef up on more loans in order to pay for their schooling. Several college financial aid programs have been significantly reduced in the budget cuts. Two of the largest reductions will hit the Federal Work-Study (FWS) and […]

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