Smart Borrower Blog

Archive for November, 2015

New Credit Card Accounts Hit 6-Year High

Nov 25th, 2015 @ 7:41 AM by Amber Nelson

Credit card issuers originated 15.2 million worth of new credit card accounts during the third quarter of this year, the highest level in six years, according to a new report from credit agency TransUnion. Credit card originations were also up 12.2 percent from the 2015 second quarter. “Credit card originations are increasing at a faster pace […]

more »

Education Department Extends Loan Forgiveness to Corinthian Students

Nov 18th, 2015 @ 8:52 PM by Amber Nelson

The U.S. Department of Education has decided to expand its loan forgiveness program to more former students of the for-profit Corinthian Colleges system in the wake of an investigation of how the colleges defrauded students about job placement rates. Earlier this year students who had attended Heald Colleges, one of the Corinthian College brands, were allowed […]

more »

Mortgage Foreclosures Down by 18 Percent

Nov 11th, 2015 @ 9:10 PM by Amber Nelson

The number of completed U.S. home foreclosures declined dramatically in the past year as did foreclosure inventory and mortgage delinquencies, according to new data from global property information firm CoreLogic, an indication of a firming economy and improving employment market. In September 2015 total completed foreclosures fell to 55,000, down 17.6 percent from 67,000 the […]

more »

Small Business Borrowing Increase as Firms Ramp Up for Holidays

Nov 4th, 2015 @ 9:28 AM by Amber Nelson

U.S. small business owners stepped up their borrowing in September, according to the Thomson Reuters/PayNet Small Business Lending Index  released this week, an indication that they anticipate a jump in consumer spending for the holiday season. The index, set to a baseline of 100 in January 2005, rose to a reading of 140.4 in September, […]

more »