Smart Borrower Blog

Archive for April, 2015

6.8 Million Former Homeowners Unlikely to Buy Again

Only a quarter of those who lost their homes in the wake of the mortgage meltdown are likely to become homeowners again, according to recent data from the National Association of Realtors. Since the housing bubble burst in 2006, there have been almost 9.3 million homeowners who experienced a foreclosure, short sale or deed-in-lieu of […]

One-Third of Millenials Still Don’t Have A Credit Card

The youngest generation of adults is less dependent on credit cards than their predecessors, according to a new survey by CreditCards.com, but whether that is by choice or circumstance is unclear. The survey found that more than a third – 36 percent – of those between the ages of 18 and 29 have never had […]

Credit Unions Ramp Up Auto Lending

An improving economy and jobs market is spurring credit unions nationwide to devote more resources to auto loans, according to data from financial information firm Sageworks. The increase means car loan rate will remain competitive among all lenders for buyers in the new few months. During the third quarter of 2014, U.S. credit unions held […]

Student Loan Strike Gains Ground With Government

A month after 15 former students formally refused to pay their federal loans, their “debt strike” has attracted 85 more people and the attention of the U.S. government. The strikers are all current and former students of the Corinthian College network which includes Evertest Institute, Wyotech and Heald College. After a wave of accusations about […]