Smart Borrower Blog

Archive for March, 2014

January Rise in Small Business Borrowing Points to Stronger Economy

Mar 26th, 2014 @ 8:25 PM by Amber Nelson

While bad weather seemed to keep some parts of the economy from improving in January, the small business sector kept moving forward with more borrowing and falling loan delinquencies, according to recent data. The Thomson Rueters/PayNet Small Business Lending Index showed a 4 percent increase in January to 117.2 compared with the previous year. Borrowing […]

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Consumers Now Pay Mortgage before Credit Cards

Mar 19th, 2014 @ 12:45 PM by Amber Nelson

American consumers have once again made a shift in their financial priorities, putting auto debt in the top slot, followed by mortgage debt and credit card loans in last. While consumers have always paid their car loans first, since September 2008 and onset of the financial crisis, Americans lost massive equity in their homes and […]

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2013 Was Record House-Flipping Year

Mar 12th, 2014 @ 12:36 PM by Amber Nelson

With home prices rising so quickly last year, the number of flipped homes in 2013 hit a record high, according to housing data firm RealtyTrac. Last year, there were 156,862 U.S. homes flipped – those bought and resold within six months for a higher price – a 16 percent increase from 2012 and a 114 […]

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Recent Subprime Auto Loans Starting to Sour

Mar 5th, 2014 @ 9:16 PM by Amber Nelson

After years of falling delinquencies on U.S. car loans, there are signs that loosening lending standards may have been too lenient on those with the poorest credit ratings, according to ratings company Standard & Poor’s. A recent S&P report found that 7.59 percent of loans in all auto-loan backed securities – bundles of car loans […]

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