Smart Borrower Blog

Archive for May, 2017

Most Millennials Want to be Small Business Owners

May 31st, 2017 @ 7:47 PM by Amber Nelson

Young Americans have a greater desire than past generations to have their own businesses, but are held back by a lack of funding and knowledge of resources, according to a new study. America’s Small Business Development Centers (America’s SBDC) released a study of generational attitudes towards entrepreneurship and found that 54 percent of Millennials –those born […]

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Women Hold 64% of U.S. Student Loan Debt

May 24th, 2017 @ 9:42 PM by Amber Nelson

While women make up just over half (56 percent) of total U.S. college enrollment today, according to a new study, they carry almost two-thirds of the country’s student debt load. In the American Association of University Women’s (AAUW) recent report, several major gender discrepancies were found in student loan data. Currently, women owe $833 billion, […]

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Mortgage Delinquency Rates Drop as Jobs Scene Improves

May 17th, 2017 @ 2:19 PM by Amber Nelson

The delinquency rate on U.S. mortgage loans fell in the 2017 first quarter, according to the Mortgage Bankers Association, an indication that job creation and wage increases were helping homeowners get current on their loans. During the first quarter, 4.71 percent of all outstanding mortgage loans on one- to four-unit residential properties were delinquent, a […]

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Credit Card Spending, New Accounts Surge in Fourth Quarter

May 10th, 2017 @ 9:05 PM by Amber Nelson

American consumers now carry a total of $779 billion in debt on their credit cards, with spending increasing across all credit-tiers, and yet experts say that debt is being managed pretty well. During the fourth quarter of 2016, monthly credit card spending rose 5.1 percent among subprime borrowers on a yearly basis, according to the […]

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Small Businesses Press Pause on Borrowing in March

May 3rd, 2017 @ 8:49 PM by Amber Nelson

U.S. small businesses held off on borrowing more money in March, waiting out the uncertainties of the domestic policies. According to the Thomson Reuters/PayNet Small Business Lending Index, business borrowing slipped in March to a reading of 134, down 1 percent from a year earlier. Compared with February though, the Business Lending Index rose 4 […]

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