Microloans: A Solution for Small Business?

Personal Finance

Microloans: A Solution for Small Business?

Microloans: A Solution for Small Business?

In recent months, many banks both large and small have continued broadening credit qualification standards for business loans, but nonetheless, owners might now be seeking new types of financing in greater numbers. The new trend of microloans is now hitting the U.S. after proving successful over a number of decades in many other parts of… Read More

Homebuyers: Interest Rates Could Get Even Lower

Mortgages

Homebuyers: Interest Rates Could Get Even Lower

Homebuyers: Interest Rates Could Get Even Lower

Since the beginning of the year, mortgage rates have routinely set new record lows, but some experts now believe that the current levels could be even lower. Interest rates on home loans have been below 4 percent for all but one week this year and only recently rose from the all-time record, but some experts… Read More

Can a Personal Loan Help With Student Debt?

Personal Loans

Can a Personal Loan Help With Student Debt?

Can a Personal Loan Help With Student Debt?

When consumers are struggling with significant amounts of outstanding balances as a result of loans they took out to finance their college education, they may encounter difficulties in paying them back. These days, the average college senior graduates with tens of thousands of dollars in student loans in their name, in addition to whatever credit… Read More

The Credit Card Rewards Guide for Back-to-School Shoppers

Credit Cards

The Credit Card Rewards Guide for Back-to-School Shoppers

The Credit Card Rewards Guide for Back-to-School Shoppers

As back-to-school shopping season rolls in, the credit cards are getting pulled out of parents’ wallets as they spring for all of the necessities. The National Retail Federation recently reported that families will increase their back-to-school spending significantly this year after cutting back last year. The average family with children in grades kindergarten through 12… Read More

Consumer Lending Continues to Thaw

Personal Finance

Consumer Lending Continues to Thaw

Consumer Lending Continues to Thaw

The way in which consumers were able to borrow on many lines of credit changed slightly, but mostly for the better, during the second quarter of this year. Improving credit quality and a slight uptick in demand for many kinds of financing led banks to broaden lending standards for consumer financing between April and June,… Read More

Credit Report Double Jeopardy Means Double Damage

Credit Score

Credit Report Double Jeopardy Means Double Damage

Credit Report Double Jeopardy Means Double Damage

It’s bad enough when you can’t pay a debt and you know that it’s going to damage your credit for years to come. But what about when a single debt multiplies, turning into two, three or even more negative items on your credit reports? “I see these ‘double jeopardy’ tradelines all the time,” says Michael… Read More

Generation X Now Spending More on Credit Cards Than Boomers

Credit Cards

Generation X Now Spending More on Credit Cards Than Boomers

Generation X Now Spending More on Credit Cards Than Boomers

For decades, the baby boomer generation has led the way in borrowing on all sorts of credit types, particularly credit cards, but now have been overtaken by a younger generation. Generation X, the general term for the children of baby boomers, recently became the heaviest borrowers of credit card debt, surpassing their parents in the… Read More

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