In the Financial Health Network's recent report it was found economic conditions are "disproportionately" affecting vulnerable households.
Credit-card debt has grown to record highs and some large banks are reporting increased delinquency rates; this trend, combined with higher interest rates could be cause for concern according to Michael Pearce, an economist at Capital Economics; article provides data from the NY Fed on delinquent loans across student, auto, mortgage and credit card debt. Source
Last week Lending Club quietly made the addition of recovery rates to their performance page. The graphic above (click on...
CommonBond focuses on helping those with student loans better manage their debt. Earlier this week they released an interesting study...
The resumption of private student loan repayments provides an opportunity for financial institutions to provide better tools to help with debt management.
A New York Fed report shows Americans leaned heavily on their credit cards in June to offset growing financial pressures from inflation.
The American Bankers Association released their quarterly delinquency bulletin which shows steady delinquency rates at 1.56%; the 15-year average is 2.16%; Household debt hit a record $12.84 trillion in the second quarter with increases in automobile, mortgage and credit card debt. Source
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There is a new startup getting ready to join the peer to peer lending party. But Lendstreet is taking a...
Unlike many people I pay off my credit card in full every month. Yesterday there was this interesting graphic on Credit...
TransUnion's latest quarterly study found most Americans could be experiencing a 'personal recession' with 54% stating their incomes were not keeping up with inflation.