Smart Borrower Blog

Archive for August, 2014

Cash is No Longer King – At Least for Millennials

Aug 27th, 2014 @ 8:11 PM by Amber Nelson

Plastic – credit and debt cards – have become so easy to use that one in three Americans prefers to use cards to pay for small, in-person purchases of $5 or less. The trend away from cash is most pronounced among the millennial generation – those between the ages of 18 to 29 – according […]

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Auto Loans Growth Remains Strong As Mortgage Debt Drops Off

Aug 20th, 2014 @ 8:04 PM by Amber Nelson

Total household debt fell slightly in the second quarter, according to the latest report from the Federal Reserve Bank of New York, as Americans pulled back on mortgage debt. “A slight decline in real estate-related balances, consistent with broader housing market developments, contributed to a flat quarter for total outstanding household debt,” said Donghoon Lee, […]

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Small Business Lending Dips While Delinquencies Rise

Aug 13th, 2014 @ 7:47 PM by Amber Nelson

For the second month in a row, small U.S. businesses cut back on their borrowing in June, according to new data from PayNet, and at the same time delinquencies on small business loans rose to the highest level in a year. The Thomson Reuters/PayNet Small Business Lending Index, which draws on information from more than 250 […]

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Report: Student Loan Debt Will Not Cause Mortgage Meltdown-Type Crisis

Aug 6th, 2014 @ 7:53 PM by Amber Nelson

Student loan debt has been growing at a troublingly high rate over the past seven years, a trend that has student advocates asking Congress to act to prevent another economy-wide financial crisis like the housing market crash that led to the Great Recession. Yet a new report from The Vanguard Group says the potential problems […]

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