Smart Borrower Blog

Archive for January, 2018

Auto Loan Delinquencies Rise in 3rd Quarter

Jan 31st, 2018 @ 8:57 PM by Amber Nelson

American borrowers fell behind on their car payments in greater numbers during the 2017 third quarter, according to new data from the American Bankers Association. And yet, delinquencies in many other loan categories fell, giving mixed signals about the strength of American consumer finances. The ABA Consumer Credit Delinquency Bulletin revealed that delinquencies rose in 5 […]

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Long-term Student Loan Defaults Reach 40%

Jan 24th, 2018 @ 9:42 PM by Amber Nelson

U.S. borrowers who have had student loan debt for 15 to 20 years are defaulting at rates much higher than previously thought, according to a recent report, a sign that current college students may default on their loans at even more outrageously high rates. A report from the Brookings Institute, released earlier this month, studied loan […]

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Mortgage Applications Jump As Borrowers Anticipate Higher Rates

Jan 17th, 2018 @ 8:57 PM by Amber Nelson

U.S. mortgage borrowers came out in force in the latest week, according to a new report from the Mortgage Bankers Association , a likely indication that consumers see the writing on the wall when it comes to historically low interest rates. The MBA’s Market Composite Index, a measure of total home loan application volume, jumped […]

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American Credit Card Debt Tops New High

Jan 10th, 2018 @ 2:57 PM by Amber Nelson

U.S. consumers pushed their credit card debt to a new record high in November, according to a survey from the Federal Reserve , and yet credit card delinquency rates remain near historic lows. The Fed reported that outstanding revolving debt – made up mostly by credit card borrowing – rose to $1.023 trillion in November, […]

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Business Borrowing Demand Rises in 3rd Quarter, Supply Remains Subdued

Jan 3rd, 2018 @ 9:34 PM by Amber Nelson

The U.S. economy is making consistent progress, causing more business owners to seek loans to grow their companies but the supply of credit is not keeping pace. According to the quarterly small business survey from Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet Corp. released last week, demand for business financing […]

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