When the economy is booming, job openings are plentiful, and wages are on the rise.
So why then are personal loans growing at such a rapid pace?
According to the consumer credit rating agency Equifax, personal loans in 2019 grew 10% from the year before. Experian and Transunion — the two other major consumer credit rating agencies — agree; personal loans are growing at a double-digit pace.
Running a small business poses many challenges — paying suppliers, advertising, expanding, or improving an existing location. And for those who own a small business, funding all these challenges can be overwhelming. A small business loan can help.
Small Business Loans Read More »
So, you’ve decided to buy that new car. Now you need to decide — how am I going to pay for this? The answer? It’s time to get an auto loan. But with so many choices, how do you decide? Let’s take some time to go through the options.
If you’re in the market for a personal loan, you are not alone. The personal loan market has surged recently, with the total outstanding debt now over $156 billion. And if you are considering a personal loan, it should be clear that there are more lenders than ever before. Fintech startups, online banks, and traditional lenders are all vying for market share in this growing space.
The Pros And Cons Of An Online Loan Read More »
The current total debt for student loans has surpassed $1 trillion with the average student borrower in 2017 holding more than $30,000 in student loan debt. As of March 2019, more than 43 million American had student loans. According to a recent study by Pew Trusts, one-fourth of those borrowing default on their loans within five years of entering repayment.
1/4 of Borrowers in Texas Default on Student Loans, Study Finds Read More »
According to Nitro College, a research group that provides insights on student loan debt, the cost of higher education has risen three times faster than any other school-related expenses. The total amount of student loan debt rising by the minute as of May 28 at 11:33 a.m., was more than $1.53 trillion. From the statistics
American Student Loan Debt Reaches $1.53 Trillion Read More »
