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.
About the Author
Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.
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