What's New With.......Credit?
- Nerdwallet research shows average household debt for 4Q17 increased slightly in every category but auto loans (see chart below*).
- Peer-to-peer lending may not be as disruptive to credit markets as once thought.
- Here is the lowdown on what higher interest rates will mean for borrowers.
- You might want to consider these tips to get your financial house in order before applying for a credit card.
- Credit card companies and other lenders are facing increasing delinquencies and defaults which has led them to begin to tighten their standards.
- Millennials have shunned credit cards after living through the financial crisis and watching parents struggle with credit. They are now the hot market for credit card issuers.
- Ron Lieber explains why airline credit cards remain so popular.
- Credit cards offering reimbursement for TSA and Global Entry make a trip through security faster. Time is money, right?
- If you pull out your credit card, on which side do you find the number? Learn why the numbers are moving to the back of the card.
- The US Senate voted to roll back CFPB fair auto lending rules—watch this space for the repercussions.
- We were getting used to seeing 0% interest rates for car loans, but their disappearance is inevitable as interest rates begin to rise,
- If you have to finance a vehicle with an 84-month lease (7 years!!!), can you really afford it?
- The mortgage business has a vocabulary all its own. Here is your guide to the lingo.
- Subprime loans, the center of the housing bust a decade ago, are coming back with a new name: nonprime.
- Financing your business with your own money may seem like a great idea, but understand what you are getting yourself into first.
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