Smart Borrower Blog

Archive for March, 2020

One-third of Americans May Fall Behind on Credit Card Bills, Thanks to Coronavirus

Mar 28th, 2020 @ 9:00 PM by Amber Nelson

With millions of Americans ordered to stay at home during the coronavirus outbreak, many have lost jobs or seen their hours drastically reduced. The result could be that credit card debt could rise even faster, according to a new survey by WalletHub. The survey found that roughly 67 million, or almost a third of adult […]

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Facebook to Offer $100 million in Cash Grants to Small Businesses

Mar 18th, 2020 @ 9:30 PM by Amber Nelson

Facebook Inc announced Tuesday a new $ 100 million program to aid small businesses around the world affected by the coronavirus outbreak. “We’ve listened to small businesses to understand how we can best help them. We’ve heard loud and clear that financial support could enable them to keep the lights on and pay people who […]

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Refinance Demand Jumps 79% on Rate Dive

Mar 11th, 2020 @ 11:48 AM by Amber Nelson

In the wake of the lowest long-term mortgage interest rates on record, American homeowners rushed to take advantage of home loan savings, according to the Mortgage Bankers Association. Refinance applications volume jumped an astounding 79% from last week and are up 479% compared with a year ago.  Refinances made up 76.5% of all applications, up […]

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Big Banks Approve Record Number of Small Business Loans

Mar 4th, 2020 @ 1:46 PM by Amber Nelson

America’s big banks – those with $10 billion or more in assets – approved 28.3% of all small business loan applications in January, an increase of one-tenth of a percent from December and the highest level ever recorded, according to data from Biz2Credit. “The economy is strong, and optimism among small business owners is high, […]

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