February 23, 2019
Latest:
  • U.S. Household Debt Hits New High, With Older Borrowers Holding Larger Share
  • UltraFICO: New Score Can Boost Consumers With Little, Weak Credit
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  • ‘Fintech’ Firms Fueling Rise of Personal Loans, Experian Says
  • Credit Card Debt Surges 7% in Q2 2018, Experian Reports

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Consumer Tech 

‘Fintech’ Firms Fueling Rise of Personal Loans, Experian Says

September 16, 2018September 23, 2018 Staff consumer borrowing

Personal loans are the “fastest-growing type of consumer debt” in the past year, according to data from Experian. Personal loan

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Consumer Trends 

Credit Card Debt Surges 7% in Q2 2018, Experian Reports

August 15, 2018August 15, 2018 Staff consumer borrowing, credit delinquencies

U.S. credit card balances grew 6.6 percent in the second quarter of 2018, compared to the same period in 2017,

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Around the Web 

Apple, Goldman and Uber Lead Charge to Get Credit Cards in Millennials’ Hands

May 25, 2018 Staff consumer borrowing, rewards

Apple and Goldman Sachs will offer a new credit card next year, The Wall Street Journal has reported, and more

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Latest News 

Household Debt Hits New High in 1st Quarter 2018, But Credit Inquiries are Down

May 21, 2018May 25, 2018 Staff 0 Comments consumer borrowing

Household debt, including mortgages, credit cards and auto loans, hit a new peak in the first quarter of 2018, beating

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Consumer Trends 

U.S. Consumers are Borrowing at a Faster Pace, Especially Via Credit Cards

July 15, 2017 Staff 0 Comments auto loans, consumer borrowing, student loans

Consumer borrowing has picked up again, now reaching a pace not seen in six months. And Americans are piling on

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Housing 

Mortgage Payments Are Taking Up More of Your Household Income

February 19, 2017 Staff 0 Comments consumer borrowing, consumer prices, consumer trends, mortgages/housing market

Currently, buyers can expect to spend 15.8 percent of the median household income on housing each month, up from 14.7 percent a year ago, according to a new analysis from Zillow. That’s the highest level since the second quarter of 2010.

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Consumer Protection 

Uber Misled Prospective Drivers About Earnings, Vehicle Financing, FTC Says

January 19, 2017 Staff 0 Comments auto loans, consumer borrowing

Uber, the San Francisco-based ride-hailing giant, has agreed to pay $20 million to resolve Federal Trade Commission charges that it misled prospective drivers about potential earnings, the FTC said.

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Latest News 

New Amazon-Chase Rewards Card Offers 5% Back on Purchases for Prime Members

January 12, 2017 Staff 0 Comments Chase, consumer borrowing, online shopping

It offers a 5 percent back on all Amazon.com purchases, and 2 percent back at restaurants, gas stations, and drugstores.

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Consumer Trends 

U.S. Households Now Average a Near-High $16,000 in Credit Card Debt

December 13, 2016 Staff 0 Comments consumer borrowing, consumer trends, credit reports, interest rates

The average household with credit card debt is carrying $16,061 in total balances. That’s just short of the high set in 2008, the eve of the financial crisis.

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Latest News 

Chase Sapphire Reserve: Here's Why a Card With a $450 Annual Fee is So Popular

September 14, 2016 Staff 0 Comments Chase, consumer borrowing, consumer trends

The card has some striking benefits, including a 100,000-point bonus after you spend $4,000 in the first three months.

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Latest News 

Mortgage Refinancing Soars as Rates Slip Closer to All-Time Lows

July 9, 2016 Staff 0 Comments consumer borrowing, interest rates, mortgages/housing market

Ongoing fallout from the Brexit vote abroad is pushing down U.S. mortgage rates closer to their all-time lows, and as a result, mortgage refinancing applications are surging.

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Interest Rates

Average Mortgage Rates
Loan Type *Rates
30-Year Fixed   4.75%
15-Year Fixed   4.21%
5-Year Treasury-indexed ARM   4.07%

* Source: Freddie Mac for week ending December 6, 2018.

See all articles on Interest Rates.




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