Smart Borrower Blog

Archive for June, 2015

Credit Card Debt Hampers Millennial Love Lives

Jun 24th, 2015 @ 8:17 PM by Amber Nelson

It is often said that money problems are the biggest challenge in any marriage. If that’s true, then Millennials are likely to have more difficulty than any previous generation in their relationships. With almost half of Millennials (Americans aged 18 to 34) admitting to bringing credit card debt into their current relationship, young love may […]

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15% of Retirees Still Have Student Debt

Jun 17th, 2015 @ 12:36 PM by Amber Nelson

Student loan totals have been on the rise, especially since the start of the Great Recession, with the class of 2015 now carrying the largest student loan debt load in history. Yet there may be a group of Americans struggling even more than recent graduates with student loans: retirees. A study from LIMRA Secure Retirement […]

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Mortgage Applications Rebound After Holiday

Jun 10th, 2015 @ 1:02 PM by Amber Nelson

Memorial Day festivities kept borrowers away from the mortgage table, but they made up for it in the latest week, with increases in refinancing and home purchases, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of total mortgage application volume, jumped 8.6 percent on a seasonally adjusted basis during the […]

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Car Loan Terms Reach Record Highs

Jun 3rd, 2015 @ 8:43 PM by Amber Nelson

Auto dealers are boosting car sales by stretching out the length of loan terms to all-time highs, according to recent data from Experian Automotive. The average loan term for new-car loans jumped to 67 months in the first quarter of 2015, a new record high, up from 66 months during the previous quarter. Of all […]

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Short-Term Debt Linked to Depression

Jun 1st, 2015 @ 9:36 AM by Amber Nelson

Those with credit card debt and other short-term debt hanging over their heads are significantly more likely to have symptoms of depression than those without the obligations, according to a recent study. from the Institute for Research on Poverty and the Center for Financial Security at the University of Wisconsin-Madison. Longer-term debt did not produce […]

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Online Lenders Cutting Into Small Business Loan Market

Jun 1st, 2015 @ 9:33 AM by Amber Nelson

The ease of use and the greater access to funding is helping online lenders take a large chunk out of big banks small business lending portfolios. And that trend is likely to continue as investors see the growing profits. The Federal Reserve recently reported that 18 percent of small business owners have applied for business […]

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