Smart Borrower Blog

Archive for August, 2013

Peer-To-Peer Lending Making Market Waves

Traditional banks are getting some serious competition these days from very non-traditional source. LendingClub Corp. and Prosper Inc., two of the largest peer-to-peer lending companies today are growing rapidly as American consumers look to become small-time bankers themselves. Both companies offer an online marketplace where borrowers and investors can connect with the click of a […]

July Existing Home Sales Surge Despite Higher Rates

Even as mortgage interest rates rose to their highest level in two years, homebuyers flocked to the scene in July, helping existing home sales grow on a yearly basis again for the 25th month in a row. Total sales of existing U.S. homes rose 6.5 percent in July to a seasonally adjusted annual rate of […]

Credit Card Delinquencies Fall Again As Consumers Shape Up

American consumers continued to put their best financial foot forward during the second quarter of this year, according to recent data from TransUnion Corp, as they paid down their credit card debt and made more payments on time. Consumers had an average credit card debt of $4,965 during the second quarter. While that is up […]

Auto Loan Growth Boosts June Consumer Borrowing

American consumers borrowed more in June, with most of the increase coming from car loans and student debt, according to a recent report from the Federal Reserve Bank of New York. Total consumer borrowing grew $13.8 billion in June from May, to a seasonally adjusted $2.85 trillion, the highest level on record. While the Fed’s […]