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The new S&P/Experian Consumer Credit Default Indices is out showing higher consumer default rates across all loan sectors this past December, with the overall rate increasing by 6%. When they looked at credit card default rates they went up to 3.34%, while auto rates hit 1.035% and first mortgage… Continue reading

Credit card, auto loans, and personal loans are trending in favor of subprime consumers according to the new TransUnion Industry Insights Report. It shows that these segments of the market all showed a year-over-year growth in subprime originations during the last quarter. Continue reading

While mortgage-related debt is down by 5.5%, consumer debt in general is on target to exceed peak 2008 levels by as much as $1 trillion, according to a new study by LendingTree. They found that for the most part this upswing is due to in non-mortgage consumer debt, including credit card debt and… Continue reading

The alternative loan market is popular with people looking for financing, and two-thirds of people in this market fall into the subprime category, which means they come with a higher level of risk. But according to a new study by TransUnion, they might not be a risky bet after all. Many subprime… Continue reading

Credit card debt combined with student loan debt can put a big strain on people’s budgets, according to a new study by the American Financial Benefits Center (AFBC). They also found that 45% of people are lacking education when it comes to using and managing their credit cards. Continue reading

Debt is a big concern for many Millennials, according to a new study out by Clif Bar, finding that for 56 percent of young Americans (18 to 34 years old) education-related debt makes it hard for them to look for a job that would be satisfying. Instead, they feel that they have to take a job or… Continue reading

Consumer debt has hit the $1 trillion mark – and this is a first, according to a new study by WalletHub.com. This news comes after consumer debt reached $92.2 billion last year, which has not happened since before the Great Recession hit in 2007. Continue reading

The consumer credit market ended strong in 2017, according to the TransUnion Industry Insights Report for last year, finding that the markets strength was most likely due to a variety of factors, including low unemployment, and increased consumer confidence. Continue reading

While the New Year’s holiday has come and gone, financial resolutions are still on the minds of many. January is slated as Financial Wellness Month, and Purchasing Power, a benefits company, has made some predictions about financial wellness benefits that may hit during the coming year. Continue reading

Winter is a time for skiing, snowboarding and ice skating, but for some it is also a time for home improvement. According to a new study by TD Bank, people will be doing just that this season and they will be using a home equity line of credit (HELOC) to finance it. Continue reading